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engage in offshoring. Reshoring does occur but seldom for corrective reasons. China remains the most attractive site for … a change is not just because of reshoring by domestic firms. Labor cost no longer dominates manufacturing location …
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Disruptions to global value chains (GVCs) - caused by conflicts, natural disasters, and accidents that close transport routes - and that affect specific regions or sectors, are not unusual. However, in recent years and amid the Covid-19 pandemic, they have become more frequent and severe. High...
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