Economics
Supply Chains of 2020 Needing Repair Now Are the Banks of 2008
- Michigan State paper urges boards to draft a plan by October
- ‘Politics trumps economics’ in supply decisions, paper says
Packages of toilet paper sit on a pallet at a Kroger distribution center in Kentucky in March.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
Corporate executives surveying the damage from their bruised supply chains are hearing lessons from the past about the risks of waiting too long to change.
In the Great Recession of 2007-09, banks and other financial institutions became the Achilles’ heel of a global economy that needed immediate reinforcements from bailouts to capital injections, eventually requiring thicker buffers of government regulation and supervision.