Skip to comments.US Firms Move Supply Chains Out of China, Explore Options Closer to Home
Posted on 09/01/2020 7:29:50 AM PDT by Blood of Tyrants
WASHINGTONThe U.S.China trade war and the COVID-19 pandemic have forced companies to reduce their excessive dependence on China as a single supplier.
U.S. brands have started to explore sourcing options closer to home, with Latin and South America gaining significant traction in recent months, according to a survey by Qima, a Hong Kong-based supply chain inspection company.
The survey conducted in July among more than 200 businesses around the world found that respondents are increasingly moving their sourcing away from China. Ninety-three percent of U.S. respondents reported that they had plans to further diversify their supply chains. Meanwhile, less than half of EU respondents had a similar strategy.
(Excerpt) Read more at theepochtimes.com ...
explore sourcing options closer to home, with Latin and South America gaining significant traction in recent months
Perhaps this could slow down their marches North to the US Southern border.
This will not go unchallenged. China is not just gonna sit there and allow this to take place. Hold onto your britches ... rough ride ahead.
Unfortunately my stupid medicare won’t allow me to stock up on meds in advance of a shortage.
Please president Trump..make Mexico great ! Thatll solve our illegal immigration problems!
And who is trying to influence our election the most: CHINA
Globalization is going out of style like bell bottoms!
My corporate report tells me that staffing is still in short supply even though Central Americans can get a job with the equivalent of an 8th grade education and a desire to work. Mexico will give them their equivalent of a green card since there are not enough locals to staff the jobs in Tijuana even with decent pay and benefits by Mexican standards.
Most of them still won't touch the jobs. Now, why do you suppose that is?
Because they are still hoping for the gate to open for free stuff in America?
Biden must be immediately be investigated by the FBI and the CIA, FISA warrants must be issued because clearly China wants Biden to win. There must be COLLUSION!
I could tell you what my corporate report tells me (even if he was born and raised in Mexico), but I would get called racist.
You’ll get called a racist anyway.
Okay, you win. He basically says they aren’t interested in working and earning; they are interested in mooching and looting.
“China is not just gonna sit there and allow this to take place”
I predict within a few years China is going to start nationalizing co’s like Tesla if this trend continues.
Hell, anyone with one eye and a grain of sense knew that.
The problem with that is once you start nationalizing companies, the former owners of those companies tend not to buy those products.
It's been happening for decades. In the early 1990's, GTE/Sprint built what I think was the first cell phone network in China. As soon as it was finished, China nationalized it. That didn't stop anybody but GTE from doing business in China.
In the last 4 years - 5 MILLION jobs have been reshored from China to the US and Mexico. 4 million to Mexico. 1 million to the USA. But, the percentage of jobs going to the USA is climbing dramatically.
Give your neighbors a job.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.