The worldwide public health crisis and the Ukraine-Russia military conflict ignited body blows to the global supply chain, spotlighting its vulnerability in today’s environment. Will the fresh COVID-19 outbreaks and war in Eastern Europe result in a great reshuffling of the international supply chain? In the aftermath of the pandemic’s first and second waves, a large number of companies announced efforts to abandon their Made in China ways, shifting operations away from China and establishing new facilities in India, Vietnam, and other regional low-wage markets. During the 2020 economic downturn, LG Electronics, Hasbro, Universal Alloy Corporation, Intel, and Samsung outlined plans to either invest more in Hanoi and New Delhi or restart factories in these places. Other businesses had even started their relocation initiatives prior to the pandemic in response to the U.S.-China trade dispute, notes Bob Bilbruck, the CEO at Captjur. “This transition has been already happening pretty quickly …
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