In this day and age we should not have any kind of shortage
It's just greed in my opinion
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Viper · M
Well, actually the latest business fad is just in time inventory, in other words, getting all the part at the perfect time so that you have little to no inventory, therefore you don't have to buy space for the inventory or people to manage a wearhouse.
When it works properly, it saves a lot of money... But if one thing is off, then suddenly you got a backup or delay or shortage.
But to the point of "this day and age", we're a lot more likely to have a shortage in today's management just in time inventory than we were before it became popular a decade or two ago.
Also, if you're talking about the baby formula, I also wonder if a monopoly comes into play...
Because so few companies do it, that they caught one lying and being involved in a cover up, that when they put the pause button on that one factory, the others couldn't keep up.
The same happened with air bags, as there are basically only three companies world wide that make airbags and when one had a screw up, recall and then the other two couldn't keep up with the demand.
When it works properly, it saves a lot of money... But if one thing is off, then suddenly you got a backup or delay or shortage.
But to the point of "this day and age", we're a lot more likely to have a shortage in today's management just in time inventory than we were before it became popular a decade or two ago.
Also, if you're talking about the baby formula, I also wonder if a monopoly comes into play...
Because so few companies do it, that they caught one lying and being involved in a cover up, that when they put the pause button on that one factory, the others couldn't keep up.
The same happened with air bags, as there are basically only three companies world wide that make airbags and when one had a screw up, recall and then the other two couldn't keep up with the demand.
