of containers in the EU with many of them blocked inside China, where they had converged in January with supplies for the Chinese New Year.
Supply chain is not only shaped by demand, but by events and consequential decisions, as well. During the height of the pandemic, national leader after another stood up to declare they wanted ‘supply autonomy’ and announced plans to decrease reliance on chains with links that extend far beyond their territorial borders.
While every player in the B2C sphere would welcome a shorter, less cost-intensive supply chain, fears about the end of global trade are likely to be misplaced. Building self-sufficiency in supplies is an unviable strategy for any region because the cost of manufacturing itself would drive up prices and, ultimately, suck the competitiveness out of internal manufacturing. Even with the technological possibilities looming on the horizon, the process of globalisation is