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Global Shortages During Coronavirus Reveal Failings of Just in Time Manufacturing


How the World Ran Out of Everything
Global shortages of many goods reflect the disruption of the pandemic combined with decades of companies limiting their inventories.
The empty shelves at a Target store in Dallas last June highlight how companies of all types were unprepared for a crisis.Credit.Nitashia Johnson for The New York Times
June 1, 2021, 5:00 a.m. ET
In the story of how the modern world was constructed, Toyota stands out as the mastermind of a monumental advance in industrial efficiency. The Japanese automaker pioneered so-called Just In Time manufacturing, in which parts are delivered to factories right as they are required, minimizing the need to stockpile them. ....

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