Is There an Alternative to China?

Abstract

The global supply chain shutdown during the pandemic put the spotlight on China, where the great bulk of the world’s goods are manufactured. The coronavirus highlighted the vulnerabilities of concentrating so much production in one place. Even though some industries are considering establishing new, domestic manufacturing plants in light of the vulnerabilities exposed during the first months of the COVID-19 crisis. The sheer size of the Chinese market, however, will keep a hold on U.S. and other manufacturers, at least for now.