Reshaping Supply Chains Away From China (The Asset)

In early 2020, businesses got a wake-up call. They weren’t just concerned about the growing health crisis emerging around the world caused by the Covid-19 pandemic, there was also the realization that their reliance on global trade and open borders was to be put on hold.

While the atmosphere in the third quarter of 2020 has somewhat stabilized in certain areas with people adjusting to this “new normal”, the early-year panic has made businesses rethink their overall global supply chain set-up. In particular, business have re-examined the strategic role of China-based production facilities, which play such an important part in the supply chains of many companies. READ MORE

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