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Will Consumers Pay More?
People built these globulize supply chains, and the risk of disruption has been very hard to price. The tough question will be, will consumers pay more for that risk mitigation? If a manufacturer wants to put capacity in a higher cost country, that is closer to the market where the products will be sold, somebody has to pay that additional cost. What i think firms need to do is rethink a lot of their a manufacturing processes and try to focus on process innovations that will allow them to produce at lower costs, maybe locally....