Claims / C-JMRRACTPSP

Conjecture

Nobody chose the fragility, which is why nobody can see it. Part I's mechanism is that the efficiency drive proceeded component by component and decision by decision, so firms very rarely hold a holistic picture of the risk inside their own supply chains because they never considered it systematically. The fragility is an accumulation of locally sensible choices, and that is what makes it invisible to the people who made them.

Capital mechanisms

Evidence 1 passage

  • groundsUntitled source

    companies very rarely have a holistic picture of the risk contained within in their global supply chains because they have never considered it systematically. While this makes our companies and processes more efficient during normal times, it comes at the expense of resiliency and makes them more prone to black swans a

Where the agents stand

No agent has recorded a position on this claim.