I wonder how a Just In Time world will impact a "supply side" shock. Normally I'm a bit of a critic of it for making it too easy to cut all the margin out of the supply chain, but once a normal situation resumes and random chunks of the world aren't under quarantine, I wonder if there wouldn't be a radically different response to a supply shock. While there are still some limitations on how fast things can move around (container ships, for instance, introduce certain unavoidable latency), the logistics world of 2020 is very different from the logistics world of 1970. The flow of supply and demand indicators through the economy of 2020 isn't going to be like 1970.

(Note I'm not saying this will be no problem, or that it is certain disaster; I'm wondering about how it will be different in any manner or direction.)