10-13-2021, 03:29 PM
https://quillette.com/2021/10/13/confron...in-crisis/
Good article by Kotkin on the supply chain crisis. I've long thought relying on China was idiotic as well as counter-productive.
"...Of course, such moves will be resisted by companies that have grown hopelessly dependent on far-flung supply chains and no longer possess the skills to make their own products. Some analysts suggest that large-scale reshoring to North America will require strong government action. Yet there are reasons for optimism. President Trump's tariffs may not have done much to revive US manufacturing, but the Reshoring Initiative’s Harry Moser told me that the annual number of jobs returning from offshore has increased from 6,000 in 2010 to over 400,000 in 2019. Cumulative jobs brought back represent about five percent of the United States’ total industrial employment. In 2019, for the first time in a decade, the percentage of manufacturing goods imported to the US dropped, notes a recent Kearny study, with much of the shift coming from east Asia...."
Good article by Kotkin on the supply chain crisis. I've long thought relying on China was idiotic as well as counter-productive.
"...Of course, such moves will be resisted by companies that have grown hopelessly dependent on far-flung supply chains and no longer possess the skills to make their own products. Some analysts suggest that large-scale reshoring to North America will require strong government action. Yet there are reasons for optimism. President Trump's tariffs may not have done much to revive US manufacturing, but the Reshoring Initiative’s Harry Moser told me that the annual number of jobs returning from offshore has increased from 6,000 in 2010 to over 400,000 in 2019. Cumulative jobs brought back represent about five percent of the United States’ total industrial employment. In 2019, for the first time in a decade, the percentage of manufacturing goods imported to the US dropped, notes a recent Kearny study, with much of the shift coming from east Asia...."