But we must prioritize resiliency when an economic shock would result in societal instability. I'm willing to pay more for food to be available 100% of the time versus paying 20% less for food to be available 80% of the time.
JIT iPhones? Sure why not?
JIT ventilators and PPE? Maybe not great. Maybe it’s ok to have some slack in the production of those types of things, you know in case of emergency.
Still, I think for the environment it's a win, not producing anything that's not needed. But in the end most of it would get sold anyway at a discount.