News Snapshot:
Despite significant financial and political pressures, many companies are still not moving their production and manufacturing out of China. Why not? With the current geopolitical challenges between China and the United States, as well as the ongoing supply chain issues affecting manufacturers and consumers, there’s been much talk about moving global manufacturing out of China. But despite the talk, U.S.-China trade reached a record level in 2022, with no signs of any slowing in the near future. While former U.S. secretary of state Henry Kissinger is credited with opening China to the West under then-President Richard Nixon, it wasn’t until...
