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Attacks in the Red Sea Are Reconfiguring Global Trade Again
Odd Lots
This can easily happen elsewhere in the world
The pandemic led to the idea of reshoring and building more resilient supply chains to avoid disruptions. While it takes time to move a supply chain, there is an early stage of domestic remanufacturing and nearshoring, especially in semiconductor and electric vehicle areas. The pandemic and geopolitical tensions have made decision makers realize that China is no longer an absolute dependable source of products. These events serve as a wake-up call for supply chain professionals to prepare for potential disruptions in various parts of the world, impacting global trade.
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