Just-in-time manufacturing allowed the car industry to run incredibly lean, giving much improved efficiencies and cutting swathes from storage costs. The business model allowed for parts to be shipped from all over the world in precise time slots, just when the main factory needed them.
But the events of the past two years have turned all that on its head. First, the semiconductor crisis and more latterly the war in Ukraine have forced companies to reassess their complex supply chains.
With these global events threatening the car industry like never before, is the just-in-time model no longer fit for purpose?
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Join us for a live webinar as we look at all the implications of the global supply chain, with David Bailey from the University of Birmingham, Mark Brickhill, CEO of Klarius and Stephen Norman, former MD of Vauxhall.
The free webinar delving into all this and more takes place on 11 March at 1100-1200. You can sign up to watch via the Autocar Business webinar homepage. The webinar will be hosted by Mark Tisshaw from Autocar.
Audience members will also be able to submit questions during the event, which will be addressed during the webinar, time-permitting.
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It was always a flawed business model, relying on unstable (cheap) countries to deliver through political turmoil.
You reap what you sow!