Against a backdrop of advances in AI and rising geopolitical risks, the world is said to be shifting from an economy focused on efficiency to one that prioritizes maintaining supply. A Nikkei commentator analyzes why companies that hold inventory and emphasize diversified sourcing are stronger.
A major investor-relations conference held in London in March 2026 reportedly shared the view that the assumptions underpinning the economy as a whole are undergoing a major change. Advances in AI and growing geopolitical risks are said to be affecting the foundations of corporate values and strategy.
Management to date has centered on “cutting costs and maximizing capital efficiency,” but a common recognition is said to be spreading on the ground that “efficiency alone is not enough to survive.” As supply risks increase, factors such as the role of inventory and supplier diversification are reportedly receiving greater attention.
Management that maintains ample inventory and cash while diversifying suppliers and production locations is said to be recognized as a factor determining competitive advantage. The analysis points to a reassessment of inventory as insurance against supply disruptions, alongside efforts to avoid dependence on a single source of supply.
In response to this change, the view has been expressed that the value of companies that “keep operating” is rising relative to the value placed on price competition to date, and that the shift in thinking from Just in time to Just in case is said to be gaining ground.