When the earthquake and tsunami hit Japan in March, it was seen as a worst-case scenario. In some ways it was. It was the most costly disaster in human history, for example, and the economic toll has been estimated north of $200 billion. Likewise, the meltdown at the Fukushima Daiichi nuclear plant was among the scariest realities that nation could ever face.The other context in which the catastrophe has been, almost undoubtedly, the worst ever is in terms of supply chain disruption. Toyota, for example, was forced to delay the launch of new wagon and minivan versions of its popular Prius hybrid line of automobiles. Other carmakers and electronic companies were also hard hit by an inability to get crucial parts.In hindsight, however, the disruption was not quite as bad as initially feared. Toronto’s Globe and Mail reported as much in June.While there are shortages of vital parts for cars and electronics – including some computer chips, silicon wafers and batteries – the big surprise is that the March 11 natural disaster wasn’t more of a disaster for the complex and time-sensitive global supply chain.The system is proving remarkably resilient – in part because Japan is far less connected to the… Read full this story
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Charting Supply Chain Risk in China – It’s Worse Than in Japan have 295 words, post on www.natlawreview.com at December 6, 2011. This is cached page on VietMaz. If you want remove this page, please contact us.