FT Live | Supply Chains: Is COVID-19 Hastening the Shift To a Greater Regional Reliance?
The de-globalisation of modern supply chains is not a new concept. Yet the coronavirus pandemic has accelerated the idea that manufacturing and trade can, and perhaps should, operate at a more regional level. As the fragility of relying on global trade moves centre stage, governments and manufacturers have to find ways to make regional supply chains more secure and sustainable. How can an effective transformation take place during a period of falling demand and investment? Will companies finally move away from just-in-time production or will they stick to that strategy and simply find closer manufacturing locations? And what impact will this all have on the evolution of digital supply chains of — especially in Asia where increased confidence in local data and digital operations could result in international manufacturers being drawn back to the region?