Re:New nuclear plant at Sizewell set for green light
by jnurmine on Saturday October 31, 2020 @04:27PM
(#24954926)
Self-sufficiency is coming back, I think.
The SARS-NCoV-2 epidemic showed how brittle the worldwide supply chains really are. China is a production powerhouse, producing all kinds of everything, and everyone and their neighbour wants to produce in China, but unfortunately this had created a single point of failure. Once the virus stopped things in China, the disruption cascaded along the supply chain networks; demand existed but production was stopped.
Resiliency in supply chains won't happen through adding massive inventories to handle a months long disruption, instead it will happen by moving some of the production away from Asia back to USA, Europe, Great Britain, and so on.
Naturally bananas and corn won't get this treatment, but technological goods will.
The SARS-NCoV-2 epidemic showed how brittle the worldwide supply chains really are. China is a production powerhouse, producing all kinds of everything, and everyone and their neighbour wants to produce in China, but unfortunately this had created a single point of failure. Once the virus stopped things in China, the disruption cascaded along the supply chain networks; demand existed but production was stopped.
Resiliency in supply chains won't happen through adding massive inventories to handle a months long disruption, instead it will happen by moving some of the production away from Asia back to USA, Europe, Great Britain, and so on.
Naturally bananas and corn won't get this treatment, but technological goods will.