Skip to main content
Skip to navigation

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

> Subscriber-only, By Craig Ritchie2020-08-21T14:59:00

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…

Unlock this article

Unlock this article

Start your 7-day IBI Plus trial for just £1

Start your 7-day trial

Get unrestricted access to all IBI Plus content, including 50,000+ articles, company intelligence and market insight.

With IBI Plus, you can:

→Research companies, customers and competitors
→Track markets and industry developments
→Identify new commercial opportunities

START YOUR 7-DAY TRIAL FOR £1

No commitment — cancel any time.

Already a subscriber? Log in