Just in Time is Out of Time
"The pandemic might be winding down, but the disruptions are here to stay."
To be successful in business many companies are lean. They don't hold excess inventory or supplies. This has worked for decades. For example, if the plastic on the greenhouse rips the grower goes to the hardware store and replaces it easily. Today, almost every industry is facing supply chains disruptions. And a replacement that used to be easy to secure is not quite challenging. Inventory is out-of-stock and shipments are delayed. It could take days, weeks, or even months to get the inputs needed to run the business. That means, the grower needs to have the plastic on-hand or face much steeper consequences.
We finish with some places where small businesses can use this change to their advantage.
