Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

My question though is this. The US has long relied on foreign manufacturing for many products, China and India are two countries that produce much

My question though is this. The US has long relied on foreign manufacturing for many products, China and India are two countries that produce much of what we purchase. This pandemic has disrupted the supply chain, with those countries being on lockdown many items aren't or can't be produced. So, with every challenge comes an opportunity. Does manufacturing in the US rebound or recover as a result of this pandemic and how? Would our consumers be willing to pay higher costs (presumably because of higher labor) in an effort to lower the risks of supply chain disruptions in the future?

Should it become a necessity for manufacturer's to produce some percentage of goods locally, in an effort to diversify the supply chain?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law Today The Essentials

Authors: Roger LeRoy Miller

12th Edition

035703791X, 9780357037911

More Books

Students also viewed these Economics questions