US study says cost of onshoring supply chains from China could top $1 trillion

Container Ship

A new research paper published by the Bank of America (BofA) notes an emerging shift among North American and European manufacturers toward onshoring production from China, in spite of facing costs that could exceed US$1 trillion over the next five years.

Tariffs, trade disputes, security concerns and threat of future pandemics said to be driving shift away from globalised supply chains in spite of higher costs…

This is premium content

You must be a subscriber and signed-in to access this content.

IBI Magazine_Website_promo_July

To continue, subscribe to IBI Plus

Benefits include:

  • Breaking industry news as it happens
  • Unlimited access to all IBI Plus Premium content, including:
  • Industry statistics / Market reports / Company insights / In-depth segment reports
  • Our archive of more than 38,000 news items and features
  • Save articles in your personal library under ’My Account’

to gain access to IBI Plus Premium content.

Alternatively, REGISTER to receive IBI Daily News & Breaking News alerts for free.

Already a subscriber? Sign-in now at the top of this page.