Supply chains and just-in-time production: the chaotic logic behind the global economy
About this session
The period following WWII gave rise to a huge expansion of global production and trade, facilitated by an incredible array of innovations in international logistics and finance. From containerisation to vast distribution centres using the latest computer technology to process and sort millions of packages per hour; global or regional production networks to free trade and financial flows. Amazing efficiency has been acquired, with the brutal logic of competition sweeping aside those who couldn't keep up. And yet the last 2 years of COVID, economic crisis and rising imperialist tensions have exposed the fragility of this entire process. How is capitalist "globalisation" faring today?