Box lines – cold sweats as China trade risk heightens
Keep counting the days to the ‘new normal’
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CEOs need to rethink supply chain strategy amid escalating tension between China and the US. This piece from Diginomica lists threats posed by the hostility, including tariffs, trade wars and theft of intellectual property. The stand-off has exposed “the over-reliance on China by the west” and “the west’s view that the people’s republic is happy to remain the world’s subservient sweatshop”. Even if these issues are ironed out and an agreement is struck, the writer suggests the old image of China as the world’s manufacturer has gone, to be replaced by a country ready to compete with global superpowers.
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