Wednesday, April 6, 2011
A worldwide economy working as one does not work
Toyota will shut down ALL U.S. factories after Japanese earthquake
Toyota is to shut down all of its U.S. factories because of parts shortages caused by the Japanese earthquake. The shut-downs are likely to take place later this month, affecting 25,000 workers Toyota has about 500 companies supplying parts in North America, but many of them get components from Japan that might not be available.
Posted by mark @ 11:11 AM (1220 views)
7 thoughts on “A worldwide economy working as one does not work”
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Crunchy says:
Looks like they will have to shut down some of their food factories as well.
Radiated seafood is off the menu. Yes, globalism doesn’t work, but that’s not what it’s really all about.
Yet another Red Herring, beg your pardon.
Rental John says:
Not true HPC… but will still have a knock on effect on the real economy. If Japanese production lines are stalled,wherever they may be in the world, then it will also effect other suppliers in the ‘just in time’ supply chain – even if they thought that they were not directly involved. Workers will be put n short time, or even laid off….etc. etc….
Rental John says:
Honda – Swindon http://www.bbc.co.uk/news/business-12984301
drewster says:
One high-profile failure in the global supply network shouldn’t overshadow the millions of success stories around the world. A return to high inventories and local supply chains would be inefficient and expensive.
Yes, globalisation does put the whole supply chain at greater risk. I still remember the year 2000 oil refinery blockades, and the national paralyis that caused. However, how would you feel if the government told you your company isn’t allowed to import widgets from Japan, even though they’re a quarter of the price of locally-sourced widgets, just because of the rare chance that a freak tsunami might cause the supply chain to slow down for a few weeks?
Let’s maintain some perspective here. It’s no fun for the workers who have to go without pay for a few weeks; but it’s only a temporary blip in the wider scheme of things.
Crunchy says:
4. drewster
We were doing alright before this globalist/traitorous crap. Why mess with it.
mark says:
drewster what about food? should countries be so reliant on others for the supply chain, this is not a small blip if another earthquake hit japan then what, very likely to happen again.
Globalisation is only efficient when it works and transport costs are low, supply countries have cheap labour, CO2 issues etc countries need to more self sufficient too many things can go wrong and the butterfly effect can be dramatic
Crunchy says:
4. drewster
Try telling that to the next generation of Japanese children.
It’s disgusting the way that this fallout has been covered up. And now we all have to eat higher permitted levels of radiated food which has
just been put into regulation.
Globalisation?
Humanity is nowhere near ready for such a concept and that’s why it troubles me and should also, any other thinking person.