china supply chain reshaped after pandemic
In recent years, the way in which China goes about its business has been rapidly changing. In particular, the country's supply chain has been undergoing a major transformation. This is largely due to the fact that China is now facing stiffer competition from other countries in the global marketplace. As a result, Chinese companies are increasingly looking to streamline their operations and become more efficient. One of the most notable changes has been the shift away from traditional manufacturing hubs such as Shenzhen and Dongguan. These cities have long been home to countless factories that produce goods for export around the world. However, rising labor costs and other factors have made them less attractive destinations for manufacturers. Instead, many companies are now moving to cheaper locations further inland. As the coronavirus pandemic upends global supply chains, China is seeking to capitalize on the disruption by reshaping its own supply chains.This shift i...