Japan’s Disaster Is Also A Supply Chain Warning

The disaster in Japan has turned out to be more than just tragedy, it’s been a warning for those in the business world.

“It’s a wake-up call for companies about the risk of a global supply chain: ‘Hello, now we have a huge disruption that’s going to be very costly,’” said Clyde Prestowitz Jr., president of the Economic Strategy Institute in Washington, which promotes U.S.-based manufacturing. “Business is going to be good for guys who have maintained a presence in the U.S.” ◆