IMPACT OF TSUNAMI

Impact of Tsunami



Impact of Tsunami

Question one

For over two decades, Japan and its automakers have been on the rise, taking away market share from U.S. and European rivals by using their Just in Time approach (JIT), and setting standards of quality and hefty profits. However, after the Tsunami, Japan finds that their position challenged. For the rest of the year and possibly longer, manufacturers will have to focus their energies and resources to rebuild their local plants, giving their U.S. rivals, South Korea and Europe to take advantage of opportunities which they had because of having a surplus ...