the earthquake and tsunami have caused huge human and material losses in
owing to the level of the damage to japanese factories and infrastructure, it will be weeks or even months before the country’s supply chain returns to normal and its manufacturing level gets back to its previous level. while most factories will be running as usual in the next few months, it is likely that some of the older and less efficient ones will be shut down. it will thus be cheaper and easier to use manufacturing bases in
one example of the changes in japanese companies’ strategy is that less than half of the automobile manufacturing capacity of toyota, nissan, and honda is in
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