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Nearshoring or a ‘No-China’ policy?
The upheavals of the Pandemic and then the Ukraine war have led to a sharp reappraisal of supply chain security issues.
The strategic response for multi-nationals has been two-fold – on the one hand there has been a desire to move production closer to demand on the other there has been a surge in the search for other low-cost Asian suppliers.
It’s far from clear how far this process is really one of ‘nearshoring’ and not simply a ‘no-China’ policy. The implications for port development of these competing strategies are quite different.
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