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Bigger inventories, blockchain and domestic suppliers: how companies are re-jigging supply chains

As companies reckon with the supply chain havoc wreaked by the COVID-19 pandemic and natural disasters, almost everyone agrees: the way products and parts move across the world needs a serious rethink.

The past eighteen months, for example, appear to have curbed corporate enthusiasm for the just-in-time model of operating with lean inventories and requesting supplies only when needed.

“Old practices like just-in-time inventory that were really central to driving down working capital costs … are maybe no longer the best way to go,” says Vincent Dixon, a partner and supply chain expert at consultancy KPMG in Toronto.

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