U.S. Companies Set To Move Supply Chains Out Of ChinaU.S. Companies Set To Move Supply Chains Out Of China
In a bid to encourage U.S. companies to rethink their relationship with China, discussions over a $25bn “reshoring fund” have begun.
Bringing manufacturing operations back to U.S. soil from overseas has long been something that President Donald Trump has promised to deliver during his presidency. With the outbreak of COVID-19, and concerns surrounding the U.S.’s dependency on China for medical and food supply chains, these efforts have been significantly increased.
An executive order was signed last week, giving an investment agency increased powers to help American-based manufacturers. Trump’s end goal is to "produce everything America needs for ourselves and then export to the world, and that includes medicines."
https://www.supplychaindigital.com/supply-chain-management/us-companies-set-move-supply-chains-out-china
https://www.supplychaindigital.com/supply-chain-management/us-companies-set-move-supply-chains-out-china