Following turmoil in global supply chains, some argue there is a major shift taking place in the world economy whereby the decades-long move towards more interconnected supply chains is going into reverse
Investment house Ellerston Capital’s Bill Pridham says the shift to “deglobalisation” of the economy has much further to run and many companies hit by supply chain bottlenecks will need to bring production closer to their customers to gain a competitive edge.
Supply chains have been thrown into chaos in recent years, as the US-China trade war, the COVID-19 pandemic and the Ukraine war all contributed to shortages of everything from cars to microchips. “It’s really underscored how critical supply chains are, and many companies are really rethinking their supply chain, in terms of their sourcing and the logistics around that,” Pridham says.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toddler killed in Townsville accident after car reverses over her in private propertyQueensland Police say an 18-month-old girl died in Townsville Hospital on Sunday evening after being run over by a reversing car earlier in the day.
Read more »
MCG comes alive on Anzac Day as Collingwood edge EssendonTeenage sensation Jack Ginnivan has slotted a career-best five goals to help lift Collingwood to an 11-point win over Essendon in an enthralling Anzac Day encounter
Read more »
Election 2022: The Battle for Chisholm, Melbourne’s knife-edge seatTwelve people have nominated for the seat of Chisholm - which the Australian Electoral Commission said was the biggest field running in Australia’s 151 electorates. chisholm auspol
Read more »
From bribes to your barbecue: How Australia's biggest meat company is built on corruptionChances are you're eating food from a company built on bribes and corruption by two billionaire brothers willing to break the law to get what they want.
Read more »
Desperate Dragons hang on for Anzac Day upset over RoostersA wounded St George Illawarra reversed a recent Anzac Day run of outs, clinging on for an upset win over the Roosters in a thriller at the SCG | SMHsport
Read more »
Ex-Tritium execs seek $10m to expand new EV charging companyEVOS is hoping to raise between $7-$10 million from strategic investors to expand its EV charging system
Read more »