{"id":39868,"date":"2020-09-01T09:52:03","date_gmt":"2020-09-01T13:52:03","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=39868"},"modified":"2020-09-01T09:52:03","modified_gmt":"2020-09-01T13:52:03","slug":"moving-our-supply-lines-out-of-china","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=39868","title":{"rendered":"Moving Our Supply Lines Out Of China"},"content":{"rendered":"

Yesterday The Epoch Times<\/a> posted an article reporting that American companies are moving away from relying on China as a single supplier.<\/p>\n

The article reports:<\/p>\n

The U.S.\u2013China<\/a> trade war<\/a> and the COVID-19 pandemic<\/a> have forced companies to reduce their excessive dependence on China as a single supplier.<\/strong><\/p>\n

U.S. brands have started to explore sourcing options closer to home, with Latin and South America gaining significant traction in recent months, according to a survey by Qima, a Hong Kong-based\u00a0supply chain<\/a>\u00a0inspection company.<\/strong><\/p>\n

The survey conducted in July among more than 200 businesses around the world found that respondents are increasingly moving their sourcing away from China. Ninety-three percent of U.S. respondents reported that they had plans to further diversify their supply chains. Meanwhile, less than half of EU respondents had a similar strategy.<\/strong><\/p>\n

The article notes that China is rapidly losing ground as the primary supplier of goods in the world:<\/p>\n

For example, 75 percent of respondents globally named China among the top 3 sourcing geographies this year, compared to an overwhelming 96 percent in 2019.<\/strong><\/p>\n

The article concludes:<\/p>\n

President Donald Trump pledged to end U.S. reliance<\/a> on China and bring back 1 million manufacturing jobs in his second term. He recently proposed providing tax credits and allowing \u201c100 percent expensing deductions for essential industries like pharmaceuticals and robotics\u201d to incentivize companies to produce in the United States.<\/strong><\/p>\n

Trump also signed an\u00a0executive order<\/a>\u00a0on Aug. 6 to ensure that essential medicines, medical supplies, and equipment are made in the United States.<\/strong><\/p>\n

Former Vice President Joe Biden, the Democratic nominee, also pledged to \u201cbring back critical supply chains.<\/a>\u201d He promised to \u201cbolster American industrial and technological strength and ensure the future is \u2018made in all of America\u2019 by all of America\u2019s workers.\u201d<\/strong><\/p>\n

In the past two decades, China has become a crucial global supplier. According to the\u00a0United Nations<\/a>, China accounts for nearly 20 percent of global trade in manufacturing intermediate products, up from 4 percent in 2002.<\/strong><\/p>\n

It is interesting that former Vice President Joe Biden has also pledged to “bring back critical supply chains” when the policies of the Obama administration sent manufacturing and product sourcing to China. I don’t know if that pledge represents an understanding of the mistakes made during the Obama administration or is simply a politically expedient platitude.<\/p>\n

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Yesterday The Epoch Times posted an article reporting that American companies are moving away from relying on China as a single supplier. The article reports: The U.S.\u2013China trade war and the COVID-19 pandemic have forced companies to reduce their excessive … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[12813,253,118,10589,12814,12407],"class_list":["post-39868","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-american-corporations","tag-china","tag-joe-biden","tag-president-trump","tag-supply-chains","tag-the-epoch-times"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/39868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39868"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/39868\/revisions"}],"predecessor-version":[{"id":39869,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/39868\/revisions\/39869"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}