Notwithstanding calls to divert supply lines from China this is not happening except for America.
An Oxford Economics research report funded by the Hinrich Foundation made the following surprising discoveries:
- Asia’s supply chain trade is growing and diversifying, even as the US and China decouple;
- Decoupling remains largely a US-China phenomenon, and to a lesser extent, a China-Japan one;
- In contrast, China’s importance as an exporter of componentry has INCREASED in major trading economies, not fallen; and
- Supply chain growth has gravitated to ‘hotspots’ Vietnam, Indonesia, Taiwan, Australia, and India.
Despite talk of…
