The Global Supply Chain Imbalance and the Impact of Chinese Manufacturing

This chapter delves into the challenges faced by companies manufacturing in China and shipping to the United States, exploring the dynamics of the global supply chain imbalance. It discusses the reasons behind the shift of factory jobs to China, the influence of cost-cutting strategies, and the consequences on workers in both countries. The chapter also covers the disruptions caused by the COVID-19 pandemic on the supply chain, leading to a shift in inventory management strategies and a surge in shipping prices.