Asia-Mexico trade – the supply chain version of 3D chess
A complex knot of mutual and exclusive interests
Protectionism is all the rage these days, writes John Manners-Bell in this op-ed for Automotive Logistics, expanding on a set of hypotheses laid out in his recent book, The Death of Globalisation. Protectionist measures have become ever more prevalent since the pandemic as nations try to exert greater control on critical supply chains. State-sponsored efforts to increase the capacity of their automotive manufacturing capacities – the most prominent example of which is the US Inflation Reduction Act – are having ramifications across global supply chains and, in some cases, leading to a radical redrawing of production networks. “What is clear is that supply chains, already uncertain and volatile, will become ever more complex in the future as politics and ideological imperatives become as important as economic considerations.”
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