When Joni Mitchell sang, “You don’t know what you’ve received until it’s gone,” she was fretting about paving over inexperienced areas to make parking heaps. Right this moment, many individuals wax nostalgic about one thing else that has vanished earlier than our eyes, with devastating outcomes: spare capability.
The worldwide financial system, presently within the throes of an asymmetrical restoration, is beset by shortages tied to a scarcity of capability for a variety of products and providers: storage for pure gasoline within the UK, pc chip manufacturing, docks the place container ships can unload, and the drivers and vans to take these items to warehouses and shops. In lots of cases, the surge in financial exercise on the heels of pandemic-induced shutdowns has merely overwhelmed methods.
Over the previous few a long time, expertise, greatest practices, and developments in administration pondering have conspired to iron extra and slack out of