“The long term effect of this will be to complete what Trump started, the decoupling of the US economy (and others) from China.”
I’ve been thinking the same - at a minimum, the IDIOTS in business and government will realize that no supply source is 100% certain, and they’ll actually plan for disruptions, at least a little bit.
“the IDIOTS in business and government will realize that no supply source is 100% certain”
The companies I worked for were all acutely aware of their supply chains and potential for disruption. We had all sorts of risk analyses and business continuity done and contingency plans in place. There were hiccups (like the Thailand typhoon taking out semiconductor plants) but we recovered quickly and weren’t late delivering product to customers.
I doubt there are any companies who source parts from offshore who do not do similar planning.
This time may be very different, though. This is going to be far bigger than a typhoon hitting a region.