Disease and war triggers onshoring of supply chains

Carlos Cordon, 22 May 2023

After three decades of global expansion, multinational companies are bringing production closer to home to boost supply as geopolitical tensions flair. Companies all over the world have faced disruption in their supply chains because of the war in Ukraine and the shipping bottlenecks that followed in the wake of the COVID-19 pandemic. Car production lines have stalled because of the shortage of wire harnesses, farmers cannot find enough fertilizer and animal feed, chip makers are short of neon, a critical gas.