American hardball and localization are reshaping global supply chains

What has been happening to global supply chains, especially those running in and out of Asia?

COVID-19 exposed extensive single-source supply chains for many kinds of vital goods, so anywhere with those is looking for ways to having those chains diversified and replicated.

But there are also other forces at work. On the geopolitical side, there’s the strategic decoupling arising from the US weaponizing supply chains through its use of sanctions and restrictions to choke companies such as Huawei, Hikvision and other big Chinese tech companies. This decoupling is also happening around data and human capital. The days will soon come where in advanced programs for quantum computing at Cambridge or MIT people are not going to work with top Chinese scientists and…