Britain has evolved into a just-in-time economy. Businesses have become used to supplying goods and services at short notice, as and when they are needed. This makes a lot of financial sense, as companies do not have to sit on inventory, which both takes up expensive warehouse space and ties up valuable capital. It makes a lot of sense as long as the components, ingredients and fuel arrive in the right sequence, and finished goods are sent out on schedule.
In recent months, however, there have...
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