I believe you are correct.
"It’s a total cluster f*ck for manufacturing now. And not just them, retail."
Yes it is. However there are a lot of other textile manufacturers around the world that provide clothing. I've always read the labels and look for anything other than MIC. Still, those manufacturers may rely on Chi-Com machines and parts to produce such. They may start looking elsewhere.
You make my point above about Japan's initiatives. Made in China is becoming a bad moniker when you can buy from SK, Indonesia, Malaysia, Taiwan, Mexico, and many others for almost the same price and quality. Once Walmart, Target, Kohls, etc. find new mass suppliers, prices may even drop lower so as to entice the consumer from their quarantine doldrums, providing enough consumers actually have any money.
Of course, there is always the problem of air/ship transport, but with the low cost of oil right now, that could work out.
Watch, the backlash from this is going to open up new opportunities in the US and investment in other nations that you probably wouldn't think of. I believe Pres. Trump is going to lead the way. He already started with his tariffs on Chinese imports to great success. The Chi-Coms capitulated. The bad reputation they have built due to their own lies could take them back to 2nd world.
The supply chain burp might last a year or more while things get moved, restarted and fiddled with.
A lot of companies will find that the equipment they *thought* they owned in their facilities in china...really isn’t theirs at all anymore.
The question is, do they have cash reserves to build more facilities/equipment elsewhere now?