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Supply chains are so diversified that self sufficiency is only feasible for countries the size of US and China. Russia has been forced to cannibalize jet plane
by t0mpr1c3 3mo ago
Supply chains are so diversified that self sufficiency is only feasible for countries the size of US and China.
Russia has been forced to cannibalize jet planes because sanctions have starved it of spare parts.
Even the US Navy gets its ships built in South Korea now.
Britain's remaining industries are very niche. With a small domestic market, you can't get economies of scale. You have to specialize.
- dukeyukey 3mo agoThe UK is still the world's 5th largest economy. It's a large domestic market, just not a hyperscale one.
- ksec 3mo agoExcept out of the top 5, UK has the lowest manufacturing basis while 80%+ of GDP are service based.
- warumdarum 3mo ago27th?
- wqaatwt 3mo ago[dead]