- The re-evaluation of offshoring production is expected to switch to reshoring.
- Production of global trade to move across borders in the medium term, reverting to domestic production, nearshoring, and shifting to different offshore locations.
- Today’s global chains and greater global connectivity allow trade shocks to travel faster than ever and this impact on the global economy would be momentous.
Global supply chains for goods and commodities were already fractured before Covid-19 arrived....
https://mfame.guru/global-trade-and-supply-chain-at-risk-with-uncertain-future-of-offshoring/