New research spells out the benefits of diverse supply chains
The IMF finds that reshoring leaves a country more exposed to shocks
![](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/sites/default/files/images/print-edition/20220423_FNP002_0.jpg)
OVER THE quarter-century before the pandemic, global manufacturing was transformed by the emergence of complex supply chains, through which firms could efficiently produce all sorts of goods at low cost and enormous scale. The pandemic put these supply chains through the wringer, causing wild swings in demand while forcing repeated lockdowns that frustrated both production and distribution. The result has been a surge in shipping delays, shortages of critical components and soaring prices.
This article appeared in the Finance & economics section of the print edition under the headline “Stronger links”
Finance & economics April 23rd 2022
- After getting inflation so wrong, can the Fed now get it right?
- China’s two-front fight to quash the virus and revive its economy
- What an end to quantitative easing means for Italian debt
- New research spells out the benefits of diverse supply chains
- A surprise sacking at China Merchants Bank frightens investors
- All over the rich world, new businesses are springing to life
- A requiem for negative government-bond yields
- Does high inflation matter?
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