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It takes years to set up industries. This is not a video game other countries cant start producing in the next few months it will take time. And how willing wou
by xbmcuser 7y ago
It takes years to set up industries. This is not a video game other countries cant start producing in the next few months it will take time. And how willing would someone be in investing billions today that might be useful in 1-2 years but at the same time be aware that once china is full production they might not be able to compete for price/quality. Even the machines to manufacture stuff are mostly produced in china
- Scarblac 7y agoEspecially if the virus just started building up in the country you'd move the production to.
- AnthonyMouse 7y ago> It takes years to set up industries. It takes years to set up industries from scratch in competition with incumbents. How long does it take when you're the same company, have access to the people who know how to do it and can spend more resources than normal because low supply has resulted in high prices? > And how willing would someone be in investing billions today that might be useful in 1-2 years but at the same time be aware that once china is full production they might not be able to compete for price/quality. Even the machines to manufacture stuff are mostly produced in china It's events like this that cause reevaluation of supply chain diversity. Companies don't want this to happen again, so they keep the new facilities online even when the old ones come back to hedge against it happening again.
- pergadad 7y agoThe steel for the machines comes from China, but many of the actual industrial machines are made in Europe and America; especially Germany is famous for that.