There’s an old Chinese curse that goes: “May you live in interesting times.” These are interesting times indeed for the global supply chains. The pandemic effect may be winding down, but importers and supply chain planners looking to 2023 are cursed with enormous uncertainties and threats, as well as costs rising on multiple fronts.
U.S. importers remain heavily reliant on Chinese producers and the relationship between the two nations continues to deteriorate. Globalization is in retreat. The...