Candace Browning, Head of BofA Global Research, shares findings from her team’s recent report about “The USD1 Trillion Cost of Remaking Supply Chains” and explains the reasons behind re-shoring, whether companies can afford the cost and the potential benefits.
Watch the Bloomberg TV interview or read the Supply Chain report.
- COVID-19 disrupted 80% of the companies with global supply chains1
- Supply chains have been shifting due to a narrowing of cost arbitrage as well as national security and ESG (environmental, social & governance) concerns
- Moving supply chains back to the U.S. or to other locations could result in less disruptions and less volatility in corporate earnings
- Re-shoring could be good for employment in America, with each manufacturing job creating several additional jobs
Candace Browning, Head of BofA Global Research
1BofA Global Research Survey, July 2020