IF WE BUILD IT, THEY WILL COME: AMERICA’S SUPPLY CHAIN DIVERSIFICATION NECESSITY

“Many of the products we consume or use . . . are either manufactured in China or have components that are sourced from China.”

“When China changed its economic policy to a more consumerist-friendly driven force, it began to attract manufacturing companies due to its low cost from wages and a state-run economy that was encouraging investment and access to the largest untapped market in the world.”

“The World Bank calculates the 2019 Per Capita Gross National Income (GNI) in East Asia at $11,725; China at $10,410; but only $8,775 in Latin America and the Caribbean, making labor in Asia more expensive than our neighbors south of the border.”

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Excerpt from article by Melvin Torres, director of Western Hemisphere Trade for the World Trade Center Arkansas .