In reference to the October 15, 2011 BPI estate flood, Part of the global supply chain disruption occurred because of a just-in-time production model…

In reference to the October 15, 2011 BPI estate flood, Part of the global supply chain disruption occurred because of a just-in-time production model and a low-cost manufacturing orientation that depends on close proximity of suppliers. Explain whether companies should become more diversified in terms of sourcing and, hence, lower risk.