Just-in-Time vs. Just-in-Case: How to Determine the Right Strategy for Your Supply Chain

The Just-in-Time (JIT) model has delivered tremendous benefits for supply chains in terms of inventory, labor costs, quality response times, and space requirements.

But in times of crisis, is the JIT supply chain too lean? How do you keep the benefits of JIT while guarding effectively against risks?

Supply Chain Disruption: The Cost to Business

2020 saw the biggest global disruption of the century. What started off with toilet paper stockouts quickly snowballed into a global supply chain crisis.

And while some impacts — and their business costs — were immediate and clear, enterprises had to deal with a lot more as events unfolded.

What’s the true cost of such supply chain disruptions on enterprises? How can they mitigate these risks and cope better in the future?

The Real Business Costs of Supply Chain Disruption

How were businesses affected by recent supply chain disruptions? What events had the greatest impact? Most importantly, where are supply chain and procurement leaders focusing to prepare for future upheavals? This new report from The Economist has the data to answer these questions and more, as well as expert insights on strategies to consider and trends to look out for.