News Snapshot:
Although China has rebounded relatively strongly from the pandemic, having brought it under control much faster than the West, long-term diversification trends in the global supply chain are continuing to shift away from the world’s second-largest economy, according to a survey of more than 700 firms across the world in March. In 2019, 96 per cent of US-based companies and 100 per cent of Europe-based companies listed China as one of their top-three sourcing countries, but those proportions respectively dropped to 77 and 80 per cent in the first quarter of this year, according to Qima, a provider of supply-chain-compliance...
