reshoring

If the fundamental building blocks of manufacturing become permanently more expensive, that cost is passed directly to the consumer.

Reshoring is not an economic escape hatch, it is a conscious decision to accept permanent structural inflation.

The data indicates that attempting to fully decouple the highly integrated global supply chain would result in a massive reduction in global GDP and a severe drop in the purchasing power of the middle class.

We built this hyper-efficient, highly fragile global machine over the course of 70 years because consumers implicitly demanded the lowest possible prices at the checkout counter.