GLOBAL SUPPLY CHAIN PROBLEMS ALREADY MANIFESTING DUE TO CHINESE CORONAVIRUS EPIDEMIC
‘JUST IN TIME INVENTORY,’ WILL BANKRUPT MANY MANUFACTURERS
Feb 7, 2020
Hyundai and Kia are having to shut down their plants in South Korea because of the lack of parts coming from China . They are going to request that the plants in China be re-opened in order to supply the companies needs for
This is from a Korean news outlet.
GLOBAL SUPPLY CHAINS ALL OVER THE WORLD ARE BROKEN CAUSING FACTORY SHUTDOWNS IN EVERY COUNTRY DEPENDING ON CHINA FOR RAW MATERIALS OR PARTS OF ANY TYPE
HIGH TECH COMPANIES ARE ESPECIALLY HARD HIT BECAUSE THEY ALL WORK JUST IN TIME TO KEEP THE INVENTORIES LOW BECAUSE OF FAST DESIGN CHANGES AND PRODUCT CHANGES