A key component of that strategy is building flexibility — the ability to switch quickly from different production sources in response to future challenges, Mattios said.
Ultimately where we're heading to is more fragmented manufacturing — many small factories of the world.Covid-19 has infected more than 5.4 million people and killed at least 345,000 people, including more than 4,600 in China. The pandemic disrupted the global flow of goods, which in some industries was already shifting in light of U.S.-China trade tensions and cheaper labor costs in countries outside China.
From a business perspective, building resilient supply chains in the wake of the coronavirus also means recognizing that a pandemic could happen anywhere, said How Jit Lim, a managing director with consulting firm Alvarez & Marsal. Lim is based in Shanghai and focuses on supply chain management. "China is still a very attractive total supply chain solution," Lim said. "There are very few countries in the world where you can find almost everything you need to build something ... The labor force maturity and the talent pool around is still very attractive in China."
'Ultimately where we’re heading to is more fragmented manufacturing — many small factories of the world.' Not a chance in hell.
I'll never buy which is made in China, in my lifetime ever, after covid
Or a pariah country to avoid having any investments in at all cost if it is communist.
CNBC = CCP
Never ever buy made-in-China. Hubs will be relocated to other places.
come to India. try Tamil Nadu.