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India, Vietnam could emerge as key pillars of global supply chain initiative.
Jul 23, 2021

A major impact of the US-China trade war and the global pandemic has been disruption of traditional global supply chains originating from China. The disruption of international trade has necessitated a rethink on the supply chain.
Earlier, supply chains were designed to keep costs low. In the post pandemic era, supply chains are being reworked to reduce the risks of future disruptions. The international community is looking to move towards relocating supply chains away from China to India and Vietnam.
China is the world’s largest goods exporter and has the twin challenges of overcoming vulnerability to the pandemic and ensuring that the trade war with the US, does not increase the vulnerability of supply chains.

The Economic Times