One-Third Of Toyota’s Global Production Frozen Due To Mysterious Glitch

The world's biggest-selling automaker has frozen output at all factories across Japan "due to a system malfunction," according to Bloomberg. A Toyota spokesperson said a 'glitch' in ordering parts forced the company to shutter operations at all 14 assembly plants. This is a big problem for the company because it utilizes a just-in-time inventory strategy, which keeps only a limited amount of parts on hand to minimize costs -- might lead to supply chain snarls if downtime is long enough.  Bloomberg said, "28 assembly lines churning out…