Powerful quake in Japan leaves 4 dead, bringing back memories of 2011 Fukushima nuclear disaster
Washington PostMAR 18 2022
The earthquake is yet another supply chain fiasco for Toyota and the once-predictable auto industry. Whether it's Ukraine, the pandemic or disasters like this, automakers don't know what's coming month-to-month. Look for Toyota and others to curb production as a result.
Japan is hard at work with other nations to heal the Asia-Pacific's supply chain woes. It's vital to diversify investment and share tech to minimize disruptions, and national governments can help pave the way.
It's time for global supply chains to reinvent themselves. The current hyper-efficient "just in time" model doesn't work well in our disruptive world. Being more environmentally friendly, relying on local production, and increasing disaster resilience are all options to build a better supply chain future.