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Supply chains may return to China amid Covid resurgence in India, Vietnam

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A worker works on a production line to produce electrical products for domestic and Southeast Asian markets in Hai ‘an city, east China’s Jiangsu province, March 29, 2021.

Costfoto | Barcroft Media | Getty Images

The Covid-19 resurgence in some parts of Asia could lead to a change in fortunes for China, according to an economist.

Previously, the U.S.-China trade war caused companies to move their supply chains out of China, shifting their production and distribution networks for products and services. As a result, countries like Vietnam and India benefited as companies moved to set up shop in their countries.

But the situation appears to be changing, and supply chains could pivot back to…



Source cnbc.com

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