From Brandon Smith
In a recent interview with Bloomberg, the executive vice president of UPS asserted that “regionalization” of the supply chain is critical to economic stability in a world where geopolitical conflicts continue expanding.
The word “regionalization” is basically another way to describe decentralization, a concept which the UPS representative obviously did not want to dive into. Almost every trade expert and industry insider admits that supply chain problems are going to persist into the foreseeable future, and some are starting to also admit (in a roundabout way) that localized production and trade models are the key to economic survival.
Think globally, source locally
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