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Instead of making this another US vs Europe "we did/but they did" slapfight, try reading my post again. EU countries instituted export regulations from their o
by KozmoNau7 7y ago
Instead of making this another US vs Europe "we did/but they did" slapfight, try reading my post again.
EU countries instituted export regulations from their own countries, they didn't ban exports, they wanted to at least regulate how much left the country.
The US intercepted already agreed upon shipments, by swooping in and offering a much higher payment and strong-arming companies like 3M. The blame lies both with the US government and the manufacturers ignoring existing deals and agreements in favor of cold profit. And the US government also deserves blame for not recognizing the threat earlier, which they are now using as an excuse to screw over the rest of the world. Again.
Another important point is that companies like 3M are US based, adding yet another imbalance of power in this relationship.
However, my main point is why do we accept this fragile global JIT supply chain? We are we relying on essential products having to be shipped across the globe?