You Can’t Go Home Again

  • Rising incomes in China and other emerging markets eroded the labor cost advantage: when companies decide where to open a new factory, cheap labor is no longer the predominant factor.
  • Protectionism has been on the rise. Even before former President Trump made trade wars fashionable, many countries had been resorting to a wide arsenal of trade barriers, from tariffs to local content requirements.
  • The pandemic has underscored the vulnerability of global supply chains to shocks that can come in a variety of flavors, from natural disasters to geopolitical tensions.

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Marco Annunziata

Marco Annunziata

1.6K Followers

Economics & innovation at www.AnnunziataDesai.com; Co-host, M4Edge Tech podcast; Former Chief Economist & head of business innovation strategy at GE.