Winners and losers in the global supply chain

The recent disruptions in international product flow are prompting a serious discussion about increasing US domestic manufacturing to improve the reliability of the supply chain.

How likely is it that a significant increase can occur in the foreseeable future? What is the future of US manufacturing?

Manufacturing continues to move offshore. Since 2000 alone, US manufacturing value has declined from 15 percent to 10 percent of GDP. This has occurred because manufacturing is generally capital intensive and increasingly dependent on sophisticated facilities that are hard to duplicate and staff.

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