Covid Economy 2, Electric Boogaloo

[tower912]

Yes.  That process isn't done yet.

[Hards Alumni]

Supply chain is going to get royally fouled up again.

Nah, China will say eff it and just make everyone go to work sick.

[Skatastrophy]

A lot of companies have spent the last year trying to onshore (at least a portion) to prevent a repeat of 2020.  (I've quoted several.)  The latest China events will only hammer home and speed up the process.

A lot of port traffic has moved from LA/LB to the East Coast as supply chains shift. It's hard to identify generational shifts while you're in the middle of one, but this feels like one. It will be interesting to see how this shakes out.

[TSmith34, Inc.]

The blueprint that society decided works was out there.  China had every opportunity to vaccinate their population in the last almost three years.

They're skipping a very important step.

This.

[pbiflyer]

A lot of companies have spent the last year trying to onshore (at least a portion) to prevent a repeat of 2020.  (I've quoted several.)  The latest China events will only hammer home and speed up the process.

Vietnam,India and Eastern Europe are considered onshore? Seems like many businesses are just moving their sources to other countries.

[TSmith34, Inc.]

Vietnam,India and Eastern Europe are considered onshore? Seems like many businesses are just moving their sources to other countries.

Some are trying to diversify their supply chains that way, some are also moving portions back onshore.

[MU Fan in Connecticut]

Some are trying to diversify their supply chains that way, some are also moving portions back onshore.

This exactly.  When I'm quoting these jobs, I always hear "We want to source at minimum 30% of our wire volume domestically to avoid logistic disruptions in the future."