The consequences of the disruptions in supply chains triggered by Corona suggested an unbundling of global trade relations and a return to local sourcing.
However, the economic strain that grew out of the Corona crisis led to even greater competitive pricing pressures, which have tended to drive many companies to source low-cost input materials and items from Southeast Asian suppliers. As a result, these companies have tended to increase their reliance on global supply chains, despite recent disastrous experiences.
Should companies work to secure supply security and predictability through local sourcing while increasing sustainability? What are the economic effects of local sourcing? How important is price in a holistic view of the economic context?
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