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Yes, we do have a fragile supply chain especially since many producers have gotten more lean with just in time practices. But our supply chain did not inject a
by tmaly 4y ago
Yes, we do have a fragile supply chain especially since many producers have gotten more lean with just in time practices.
But our supply chain did not inject an unprecedented amount of fiat currency into the global system.
Our supply chain did not lockdown production for an extended time.
It is not the supply chain that created our predicament.
- rbanffy 4y ago> Our supply chain did not lockdown production for an extended time. It’s easier to restart a supply chain than to grow new workers. It usually takes about 20 years to make one from scratch. We’d have millions more dead if lockdowns hadn’t happened. The article doesn’t propose a single one-size-fits-all solution because there isn’t one. You have a couple options - shorter more local supply chains is one, but multiple redundancy is another. We should use all sort of approaches to make our supply chains more resilient. They’ll get less efficient, the same way a Hyundai has better mileage than an M1 Abrams.