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Supply Chain: As inventory levels soar, 50-years of manufacturing and production principles get upended

For the last two years, Jayanth Jain, CEO of Himlite Products, a manufacturer of low-voltage switchgear products, has seen various consequences of the sudden disruptions in supply chains across the world. Many vendors he worked with have gone out of business, and labourers he knew haven’t returned from their native places to resume work.

“My markets are sometimes closed because of Covid or sudden change of seasons (as some products are used in

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