Supply Chain Research

Toyota and Honda are cutting production in North America. Toyota has cited a shortage of petrochemicals in the wake of February’s winter storms in the southern U.S. while Honda faces a variety of challenges including port congestion and a shortage of semiconductors. Both illustrate the need to reconsider just-in-time / lean supply chain strategies. The two companies have already experienced a reduction in exports from their Japanese operations with a 53.9% year over year drop in Honda’s case in January and a 5.1% slide in Toyota’s. They had both already been slowing their supply chain ac...