Illustrates just how quickly supply chains can change...
UPDATE: By the end of this year, 70% of the expected demand for PPE will be met by British manufacturers, reducing the reliance on overseas suppliers. Prior to the pandemic, just 1% of PPE was produced in the UK
#UKmfg
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@DerrickBerthel1
Poses the question, is the great reset actually to remove the western worlds reliance upon cheap Chinese manufacturing?
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@2damnation
Reshoring was happening anyway. Covid19 (and the cold war with China) has simply sped up the process.
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@danieljohnsalt
Yes indeed. Partly geopolitical (China cold war) but also economic. AI & robotics fundamentally alters the economics of reshoring
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@DerrickBerthel1
So important as well. We didn't produce enough of much of anything for ourselves nor train enough Brits across many industries/services. Brexit was always going to mean short term difficulties & costs but long term, it was a kick up the arse to get the country moving again.
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