Do We Really Want Our Supply Chains Back
Do We Really Want Our Supply Chains Back?
May 3, 2020 · By Stanley Chao · Supplychain247.com
The push is on to bring supply chains back to the U.S. But, are we ready to contend with the unattended consequences?
We’re seeing mounting pressure from political pundits, policymakers and the American public to decouple our supply chains from China, particularly in the medical and rare earth elements industries.
During last year’s trade war, Trump ordered the Pentagon to seek alternative sources for rare earth elements used in defense systems, claiming that China was no longer a reliable partner.
There’s even legislation in the works. Sen. Tom Cotton, R-Ark., is sponsoring a bill that would require government agencies like Medicaid and VA hospitals to cease purchasing drugs that contain Chinese-made ingredients by 2025.
But can some simple-minded legislation or a well-timed, presidential pep talk bring back manufacturing? Can we really go back to the heyday when America was the world’s factory? Some say yes; others say no.