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  • Oct 31, 2023 10 Minutes Read
    When China underwent economic reforms and opened its doors to international business, it embarked on a transformative journey that would make it a manufacturing behemoth on the global stage. But recently media overseas have been keen on spreading words like reshoring,  decoupling, or even de-globalization. Anyone involved in manufacturing outsourcing understands that, for now, these are mostly thoughts with little reality to them. However, are we the last breaths of a golden age where everyone depended more or less on China for a large array of machinery, white goods, and fast-moving consumer goods? Title of an article from the “Reshoring Institue – Non-profit and Non-partisan” The above title accurately shows how ambivalent attitudes can be toward a trend called “de-globalization”. But in the end, most publications found by our team when searching on Google all agree on one point: this is not the end of globalization. However, most content found online implies that there is a willingness to take a step back and implement change to redistribute interconnections and leverage. With that in mind, let’s see what is at play regarding China. CHINA IS STILL THE WORLD’S FACTORY There is no doubt that, notwithstanding COVID-19 disruptions and all, China is...
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