Quote:
Originally Posted by multiweb
This pandemic has created a lot of fractures between countries and even within the EU. It brought the worst in many. When you hear about medical supplies being bought and highjacked in airports on the tarmac to the highest bidder. One prominent UK economist hinted that a new balance might be achieved in future and it will be more focused on supply chain resilience rather than lower manufacturing costs. So China might lose if people vote with their feet. Remains to be seen though.
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I'd like to think this experience will encourage or mandate manufacturing in Australia. It would improve our economy and provide us with a degree of national security. Presently we are totally at the mercy of China.
However, I also think greed and laziness will return after things settle down.