Thanks to the recent crises (Covid pandemic, War in Ukraine, Gas prices) there is likely to be a reconfiguration of global supply chains in the coming years - according to Mark Millar with a shift from "long to short".
On a medium-term basis, the disruption has opened an opportunity for re-evaluation after 30 years of globalization. For instance, companies might want to take a more regional approach in the future that would build more resilience into their supply chains and reduce emissions.
2 concepts in particular are being trialled: reshoring & nearshoring.
However there will be NO MASS EXODUS from China or Asia. Only a proportion of manufacturing will be moved. Some supply chains are so complex & fine tuned that relocating them woudl be prohibitively expensive & risky.
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