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Covid-19 is teaching businesses hard lessons about China-only supply chains
The Economist ^ | 02/8/2020

Posted on 02/28/2020 10:02:59 AM PST by SeekAndFind

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To: bigbob

Laughing is good for the soul.


21 posted on 02/28/2020 10:28:56 AM PST by TribalPrincess2U (0bama's agenda�Divide and conquer seems to be working.?)
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To: SeekAndFind

The just-in-time China supply chain was going to be a chapter in my book about how MBA’s are destroying the world.


22 posted on 02/28/2020 10:28:57 AM PST by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer)
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To: DoodleDawg

“How would you have had them stop it? Government takeover of the pharmaceutical industry?”

No, Place critical medical supplies and drugs under Defense Production Act of 1950 just as we do for critical military supplies and defense technology. It is a national security issue.


23 posted on 02/28/2020 10:29:44 AM PST by setter
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To: DoodleDawg
How would you have had them stop it? Government takeover of the pharmaceutical industry?

The FDA already regulates the color of the bottle their product comes in and how may times a day their CEO takes a p*ss. Just tell them no more Chinese manufacture.


24 posted on 02/28/2020 10:30:06 AM PST by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer)
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To: DoodleDawg
How would you have had them stop it? Government takeover of the pharmaceutical industry?

Have a little imagination. How about a large tariff on Chinese imports? How about requiring all imported drugs, and precursor chemicals to be tested for quality and purity (add more cost to outsourcing). How about reducing tax and regulation on US manufacturing?

25 posted on 02/28/2020 10:30:38 AM PST by Wayne07
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To: SeekAndFind

Hey at least the PRCs are sending fentanyl to US unabated.


26 posted on 02/28/2020 10:35:50 AM PST by Harpotoo (Being a socialist is a lot easier than having to WORK like the rest of US:-))
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To: SeekAndFind

Finally. Many of us have been talking about this for years. Trump warned about it and started bringing manufacturing back. Now, even the corps have to recognize the value of alternate supply chains. China Inc. as a monolithic force is dead.


27 posted on 02/28/2020 10:41:15 AM PST by StolarStorm
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To: SeekAndFind

Made in America, I prefer American made products. I guess those who want some cheapo China product might be disrupted.


28 posted on 02/28/2020 10:43:33 AM PST by 1Old Pro
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To: SeekAndFind

The only thing “business” has learned is that Trump will only be president for 8 years. The GOPe and their cohorts are just going to wait it out the best they can.

By some miracle of God, the Chinese are not so smart. Satan has commanded that they “Dance!”, and that’s just what they’re doing. Throw US reporters out. Crush Hong Kong. Hide this disease and what they’re doing about it. Fortunately, it looks like they’re as incompetent as they are oppressive.

It’s like the little devils just can’t help themselves, which is mercy for us.


29 posted on 02/28/2020 10:43:56 AM PST by Empire_of_Liberty
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To: organicchemist
Ross Perot

me too, twice. I'm proud to say I ever voted for a Bush.

30 posted on 02/28/2020 10:43:57 AM PST by JonPreston
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To: JonPreston
#30

Oops, I voted for #41 in '88. I was hoping he'd continue in RRs footsteps.

31 posted on 02/28/2020 10:45:51 AM PST by JonPreston
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To: SeekAndFind
China Rx: Exposing the Risks of America's Dependence on China for Medicine; Rosemary Gibson

Millions of Americans are taking prescription drugs made in China and don't know it--and pharmaceutical companies are not eager to tell them.

This is a disturbing, well-researched wake-up call for improving the current system of drug supply and manufacturing.Several decades ago, penicillin, vitamin C, and many other prescription and over-the-counter products were manufactured in the United States.

But with the rise of globalization, antibiotics, antidepressants, birth control pills, blood pressure medicines, cancer drugs, among many others are made in China and sold in the United States.

China's biggest impact on the US drug supply is making essential ingredients for thousands of medicines found in American homes and used in hospital intensive care units and operating rooms. The authors convincingly argue that there are at least two major problems with this scenario.

First, it is inherently risky for the United States to become dependent on any one country as a source for vital medicines, especially given the uncertainties of geopolitics. For example, if an altercation in the South China Sea causes military personnel to be wounded, doctors may rely upon medicines with essential ingredients made by the adversary.

Second, lapses in safety standards and quality control in Chinese manufacturing are a risk. Citing the concerns of FDA officials and insiders within the pharmaceutical industry, the authors document incidents of illness and death caused by contaminated medications that prompted reform.

This probing book examines the implications of our reliance on China on the quality and availability of vital medicines.

32 posted on 02/28/2020 10:49:06 AM PST by Pelham (RIP California, killed by massive immigration)
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To: PGR88; SeekAndFind

The first to warn about this was Ross Perot. And that was simply about what NAFTA could do.

Then Pat Buchanan picked up the baton, including the WTO and China trade.

And finally in Trump we elected someone who doesn’t worship free trade and globalization as the highest and most important of all ideals.


33 posted on 02/28/2020 10:56:15 AM PST by Pelham (RIP California, killed by massive immigration)
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To: SeekAndFind

How does everyone think Dollar Stores could otherwise exist?
...............
Customers overwhelmingly shop by price.
...............
Now the Chinese are dirt cheap but many products are the highest of quality for a third of the price.
..............
American productivity is the highest in the world. Much of that productivity is fueled by affordable electronics from China.


34 posted on 02/28/2020 11:02:03 AM PST by gandalftb
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To: SeekAndFind

“America’s last penicillin fermenter closed in 2004”

That reminds me.. I should clean out my fridge..


35 posted on 02/28/2020 11:04:51 AM PST by RitchieAprile (available monkeys looking for the change..)
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To: RitchieAprile

and do my laundry. although, it keeps moving around on me.


36 posted on 02/28/2020 11:05:38 AM PST by Leep (Everyday is Trump Day!)
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To: Red Badger

Apple has already been creating new plants in the US and elsewhere.

The only assembled-in-USA computer you can buy right now with anything resembling decent US parts content is a Mac Pro. And the non-US parts are parts that nobody makes in the US (thanks to China’s stranglehold on rare earths due to US industry being regulated out of existence.)


37 posted on 02/28/2020 11:09:25 AM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: 1Old Pro

Many US products require Chinese ingredients/components. There are zero 100% made in USA cars, for example.


38 posted on 02/28/2020 11:10:41 AM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: bigbob

(Snicker, snicker)


39 posted on 02/28/2020 11:13:25 AM PST by RedMonqey
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To: euram

Outstanding suggestion! I’ve been sitting here steaming about how this panic is so fabricated, but that would be a perfect way to turn it back around on the media!

Somebody that has an ear in the Trump campaign put this out there!


40 posted on 02/28/2020 11:30:40 AM PST by Tailback
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