Source: Security Magazine
Moving manufacturing back to North America
China has had a tough 2020. Intellectual property rights infringement, stealing university and U.S. government-funded research, spys routed out in public, Hong-Kong takeover, Human-right abuses, Coronavirus cover-ups, supply-chain bog downs, and the list goes on. The conclusion is that China has lost its luster with businesses in the United States and abroad. These issues are not new; instead, they have reached a boiling point where the international business community is getting leary of putting too many eggs in China’s basket. The U.S. government has certainly done its share to bring many of these things to light. And while this is happening, and companies look elsewhere to move, the possibilities of increasing North America manufacturing has become more attractive than ever.