The latest news on America’s critical effort to bring manufacturing back home.
Kodak: The Drug Manufacturer
The Wall Street Journal writes how onetime photography leader is making the move with funding provided under the Defense Production Act.
Reshoring, restructuring, and the future of supply chains
The COVID-19 pandemic has been deeply disruptive for supply chains as businesses grapple with fluctuations in supply and demand, intermittent outbreaks in different parts of the world, and speculation about reshoring and reducing reliance on China. Many companies are looking at restructuring their supply chains, trying to balance resilience with efficiency and reduced costs — a process either started or accelerated because of the pandemic.
Bringing the Factories Home
Arthur Herman, senior fellow at the Hudson Institute argues, any new industrial policy has to make the U.S. less vulnerable to Chinese suppliers.
Political Action Accelerating
U.S. Rep. Bill Posey, R-Fla. Offers Proposal to Get American Manufacturing Equipment Out of China
Prepare for the U.S. and China to Decouple
The pandemic is likely the accelerate a trend to a bipolar U.S. vs. China world. In this context, firms present in Hong Kong and China need to prepare for a less friendly environment there. Practical steps include reducing the Hong Kong presence, relocating supply chains to politically friendly countries, re-evaluate relationships with Chinese firms and researchers, and factor geopolitical risk into investment decisions.
Hospitals Unknowingly Importing Counterfeits
According to mask testing by the National Institute for Occupational Safety (United States) and MIT, American hospitals and businesses are importing counterfeit masks that have been “certified” to meet US standards by Chinese manufacturers. America is facing deadly consequences tied to its reliance on Chinese personal protective equipment.
It’s Time to Build
Legendary venture capitalist and co-founder of Netscape Marc Andreessen of Andreessen Horowitz highlights the importance of building in America now.