Was thinking about this recently too. We have done so much implemention JiT and LEAN processes, it may have backfired during a complete anomaly such as this. Not that it makes it wrong and I don't expect companies to waste money having extra capacity and inventory going forward (without incentive or subsidy at least).
But the govt will either have to keep these resources in reserve, subsidize private to do so, or have a razor sharp plan on how to quickly produce it through a public-private partnership in times like this.
yeah, agree, and i'm not a fan of the subisidy option but we may not have a choice short term; as i think maybe the bigger issue is the capacity/ability to manufacture. discussed this a couple weeks ago about the China dependency, but there are some select industries that should always have a relatively significant maufacturing presence domestically for national security reasons....i mean it's good you've got some other industries willing to stop what they're doing, and make ventilators, masks, bed tables for hospitals etc.....there's plenty of precedents historically for that, and i expect we'll ultimately get what we need...just not as fast as we need it unfortunately.
but, that we have to depend on that happening is a bit problematic for obvious reasons...it's a reaction, not a built in plan for "what if".....with how much is automated today, and how fast orders can be made and processed, if we had manufacturers already here, production could have begun on the scale needed 2 or 3 weeks ago, and we'd already have the stuff ready for distribution if not already distributed....cause if there's one thing America can do....it's distribute!!! lol.
we have more warehousing and distribution capabilities than i bet the rest of the world combined..................so if we had to impose on an industry during a crisis like this, it wouldn't be manufacturing, it'd be on the one that could actually handle it the best....between Wal Mart, Home Depot, Amazon, Target and probably a dozen other 3rd party warehousing/distribution/logistics companies, we could get what you want, where you want, when you want.
to me, this falls in the "improve your weaknesses (domestic manufacturing), and accentuate your strengths (warehousing/distribution/logisitcs)" category, if i'm looking at from a lessons learned standpoint.