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Manufacturing bases in developed markets have done all they can to shed unnecessary expenses to compete with low-cost labor markets. Companies have focused in particular on lean operations and just-in-time manufacturing processes, but as the recent Japanese tsunami demonstrates, running near zero-inventory is a major problem when an important supplier or region experiences a catastrophe. How can a company keep inventory, and therefore expenses, low but still manage a major disruption in the supply chain?
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Re: Lean vs Robust Supply Chains
