Economics
US Factory Boom Heats Up as CEOs Yank Production Out of China
- The pandemic forced companies to rethink their supply chains
- “This is just economics,” says one executive who made the move
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There has been a sense in financial circles that the fever among American executives to shorten supply lines and bring production back home would prove short-lived. As soon as the pandemic started to fade, so too would the fad, the thinking went.
And yet, two years in, not only is the trend still alive, it appears to be rapidly accelerating.