3 ms·
Whether it's about the economy at large, your own household, a supply chain, what have you - as soon as you optimize for efficiency by removing friction, you ta
by goatinaboat 6y ago
Whether it's about the economy at large, your own household, a supply chain, what have you - as soon as you optimize for efficiency by removing friction, you take all the slack/damping out of the system and become instantly more liable to catastrophic failure if some of your basic conditions change
I would hope that the fragility of JIT supply chains was laid bare for everyone in the Covid crisis but I expect that lesson will soon be forgotten.