Supply Chain Strategy has spent the last 3 decades swinging like a pendulum. At one extreme sat Cost-is-King logic. Organizations consolidated production into massive factories in low-cost economies, embraced Just-In-Time delivery, and squeezed every cent of inefficiency out of their networks. Then the pendulum swung hard.
A pandemic, a string of climate shocks, and abrupt trade-policy shifts exposed how fragile overconcentrated networks had become. Factories closed, goods stopped moving, assets