The path ahead for multinationals in the era of deglobalization – Chinadaily.com.cn

Aerial photo taken on Dec 5, 2021 shows the sunrise scenery of the Yangpu international container port at Yangpu economic development zone in South China’s Hainan province. [Photo/Xinhua] Significant changes have occurred in the global political and economic structure under the COVID-19 pandemic and geopolitical tensions. Countries have imposed sanctions on each other in the name of political and economic security. The global supply chain, industrial chain, and value chain system established in the past decades has been dealt a heavy blow. Currently, the chaos caused by the pandemic has not yet ended, and the Russia-Ukraine conflict has plunged the…