Ukraine and Covid fuelling supply chain nationalism

The conflict in Ukraine and Covid are fuelling supply chain nationalism in a trend that could reverse globalisation. The rise of populist nationalism in countries such as the UK and US had already put "made at home" policies on the agenda . Now, businesses face geo-political headwinds that threaten to destabilise the supply of essential goods. For example, the war in Ukraine has put huge pressure on energy prices. As a result, Germany, Brussels and the UK wish to reduce their dependency on Russian oil. To do so, they are seeking help from the US and ramping up national clean…