Apple's success is partly driven by its extraordinary skill constructing complex global supply ... [+] networks. These networks rely on the companies within them to specialize in what they do best, and such specialization has profound hidden dangers. This complex supply chain that allows Apple to maintain very little inventory is a key component of Apple’s almost unimaginable profits. But how do these complex supply chains generate value? The increased specialization which the complex networks of the modern economy makes possible also makes those failures more likely, precisely because specialization makes them more prone to failure when circumstances change.

Source: Forbes May 28, 2020 16:30 UTC