Reuters provides insight into auto industry rethinks cost-cutting playbook

Reuters provided insight on how many automakers and suppliers are reaching for a new playbook after a year of getting hammered by the pandemic, a semiconductor shortage and storms. The new catchword is “resiliency,” and it cuts against the just-in-time inventory and production approach that manufacturers have adopted since the 1980s, underscored by Toyota Motor Corp’s revelation that it had built a four-month chip stockpile.