3 ms·
These are all good points, but I’ll add a different take here. The points are correct but rather than bring “all manufacturing back”, the goal should be to aim
by nobodyandproud 2y ago
These are all good points, but I’ll add a different take here.
The points are correct but rather than bring “all manufacturing back”, the goal should be to aim for an 80:20 or 70:30. And it will still take decades, but at least with a far better chance of success.
For companies that rely on a global supply chain, manufacturing and even raw materials should aim for mostly global but a guaranteed 20 to 30% local.
It’s one way to offset a real market problem, where
unchecked market forces drives all production offshore or “nearshore; leaving the nation vulnerable to supply chain disruptions.
For essentials like grains, I’d even argue that the nation should opt for an 70:30. It’d be insane for us to offshore the majority of production.