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Global supply chain continues to shift away from China, but it remains the top sourcing location

Summary:
[unable to retrieve full-text content]Although China has rebounded relatively strongly from the pandemic, having brought it under control much faster than the West, long-term diversification trends in the global supply chain are continuing to shift away from the world’s second-largest economy, according to a survey of more than 700 firms across the world in March.In 2019, 96 per cent of US-based companies and 100 per cent of Europe-based companies listed China as one of their top-three sourcing countries, but those proportions…

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[unable to retrieve full-text content]
Although China has rebounded relatively strongly from the pandemic, having brought it under control much faster than the West, long-term diversification trends in the global supply chain are continuing to shift away from the world’s second-largest economy, according to a survey of more than 700 firms across the world in March.In 2019, 96 per cent of US-based companies and 100 per cent of Europe-based companies listed China as one of their top-three sourcing countries, but those proportions…

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