Transforming the automotive supply chain for the 21st century

Web: https://www.technologyreview.com/2022/05/12/1052201/transforming-the-automotive-supply-chain-for-the-21st-century/

Geo-political tensions and digital transformation—which continue to reshape production and assembly processes across various industries—have exposed vulnerabilities in the traditional “just-in-time” (JIT) supply-chain model in the last few years. Pioneered in Japan and popularized by Toyota in the 1970s, the JIT method aims to avoid excess inventory by ordering products and raw materials only when…

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