Change in supply chains not necessarily driven by trade war, say business leaders

There’s an interesting article in the South China Morning Post, confirming what many observers had suggested at the start of the tariff trade war: that regionalisation of supply chains is under way. Multinationals already swayed by digitalisation, sustainability and “the need for factories to be close to growing consumer markets” were planning to rethink. The tariff row between the US and China only accelerated the pace of change. “We are really focused on having very efficient, very secure, very reliable supply chains in terms of making them as regional as possible,” noted one manufacturer. However, “China will continue to be a huge production centre,” noted another.