Business
How Toyota thrives when the chips are down – The Japan Times
Continuity contracts and a deep understanding of semiconductor design and manufacturing equip the automaker to anticipate and mitigate shortages.
Beijing – Toyota Motor Corp. may have pioneered the just-in-time manufacturing strategy, but its decision to stockpile the chips that have become key components in cars goes back a decade to the Fukushima disaster.
After the catastrophe severed Toyota’s supply chains on March 11, 2011, the world’s biggest automaker realized the lead-time for semiconductors was far too long to cope with devastating shocks such as natural disasters.
The automaker came up with a business continuity plan (BCP) that…
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