just in time

While COVID-19’s mortality rate was much lower than past pandemics, its spread was rapid and dramatic, “and our neoliberal, debt-financed, just-in-time, global-supply-chain economic system deliberately has far less resilience than previous globalized trade systems,” with possibly worse systems ahead.

Peter S. Goodman, author of How the World Ran Out of Everything: Inside the Global Supply Chain, speaks with Emily Peck about the failure of the “just-in-time” logistics model, how a global shipping cartel is suffocating small exporters, and how another pandemic-style supply chain breakdown could leave store shelves empty once again.

That would hit consumers and businesses which tend to rely on so-called "just-in-time" supply chains for goods, he added.

“We operate in a just-in-time economic model where getting that vessel in and out of the port as quickly as possible is critical.”

They decided to keep the same name: Just-In-Time Recreation.