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More Americans are financing groceries with buy now, pay later loans — and more are paying those bills late, survey says (www.cnbc.com)
submitted 1 year ago by to c/aboringdystopia@lemmy.world
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[–] 8 points 1 year ago* (3 children)

Can you elaborate on this? Just In Time delivery? Is this a US thing?

Edit: okay, I looked it up and I understand it now. The ripple effect already happened though when big box stores told Trump to fuck off with the tariffs, because their shelves are empty.

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  • [–] 17 points 1 year ago* (2 children)

    Yeah, put super simply:

    Minimize needed actual storage space and time a thing spends in storage... by relying on very frequent and consistent logistics.

    Its very efficient in the sense of minimizing operating costs...

    But it is also extremely fragile, a minor perturbation can fuck shit up for weeks or months.

    ... And we are getting... well basically the most major disruption in the history of JIT as a logistics paradigm.

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  • [–] 11 points 1 year ago (1 child)

    Really thought we would have learned that JIT is a horrible strategy after covid... That was only a few years ago...

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  • [–] 8 points 1 year ago*

    America follows Seinfeld rules:

    No hugging.

    No learning.

    ... Larry David is even writing poignant political satire pieces just right in the New York Times now!

    There was an episode of Comedians in Cars like a decade ago now, Jerry just muses something like... God, is NYC just gonna be nothing but corporate coffee shops and banks?

    Yes. Yep. That is what happened.

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