Subsidies in supply chain resilience strategies
Fortifying the Links: A Comprehensive Analysis of Subsidies in Supply Chain Resilience Strategies Introduction: The Fragile Web - From Just-in-Time to Just-in-Case For decades, the dominant paradigm of global supply chain management was defined by a single, powerful principle: efficiency. The "Just-in-Time" (JIT) model, pioneered by Toyota, sought to eliminate waste, reduce inventory costs, and streamline production by ensuring parts and materials arrived exactly when needed, not a moment before. This philosophy, amplified by globalization, created intricate, hyper-specialized, and incredibly lean supply chains that stretched across the world. They were masterpieces of cost optimization, driving down prices for consumers and boosting corporate profits. However, this efficiency came at a profound cost: resilience. The early 21st century has been a relentless stress test for these fragile networks. The 2011 Tohoku earthquake and tsunami, the escalating U.S.-China trade war, t...