Deglobalization Round-Up: January 7January 7, 2023
Dell, Panasonic, Denso all rethink dependence on China, while The New York Times covers a turn to Mexico, China threatens retaliation for COVID-19 travel restrictions, and Moscow and Beijing join forces on propaganda.
The Week That’s Done: December 11December 11, 2022
China pivots on Zero COVID as the G7 price cap on Russian oil exports goes into effect. And that’s just one example of a new move to values-aligned trade blocs. Plus: The upward trajectory of lithium battery and tin prices, Russian coal exports, and Germany’s efforts to diversify away from China.
The Week That’s Done: December 4December 4, 2022
Dampening inflation spurs enthusiasm, but where is the attention to contraction in the US manufacturing index? Plus: A roller coaster week for the growing US-EU trade spat, relaxation in China's COVID Zero restrictions, and a nascent EV industry shift to sodium-ion batteries.
The Week That’s Done: November 27November 27, 2022
There’s new progress in the ex-China rare earths supply chain, but is it enough? Plus: Energy turmoil as Europe’s bans on Russian oil and diesel loom; strikes threaten US, South Korean, and UK logistics; China’s back in lockdown; Taiwan has an election surprise; and the OECD summarizes things neatly with a gloomy outlook.
Deglobalization Round-Up: November 25November 25, 2022
Bill Ackman calls deglobalization a long-term structural tend, The Financial Times investigates it as a necessity for future prosperity, and growing contradiction between the US and Chinese business environments underscore its inevitability. Plus: Violence at Apple's main Chinese iPhone-making plant, continued supply chain disruption, and an opportunity for Mexico.
Heavy Metal: The Hard Days and Nights of the Shipyard Workers Who Build America’s SupercarriersSeptember 1, 2022
Unprecedented stressors have created the conditions for new investment in domestic industry and new models for public-private industrial coordination to support it. This excerpt from Michael Fabey’s 2022 Heavy Metal documents one such example, a case of operational success at a time of enormous pain and uncertainty.
China’s COVID Antiviral Pill Shows That the US Is Running the Wrong RaceJuly 10, 2022
If the US is to have any hope of a productive economic future – and if the US is to compete effectively with China – it needs to shift from a focus on R&D to a focus on application and industrialization.
Markets Briefing: Week of May 16May 22, 2022
US stocks hit their longest losing streak since the Great Depression – while continuing lockdowns in China, energy dilemmas in Europe, and a continuing failure to invest in domestic production suggest that a reversal of fortune is not on the horizon
China’s COVID-19 Lockdown Should Bring Production Back to AmericaApril 8, 2022
China’s COVID-19 debacle could be precisely the impetus the US needs to get serious about rebuilding supply chains. These should provide markets a prod to start pricing in the real costs of offshoring – and Washington justification for dedicated, emergency investments in domestic industry.
Don’t Forget the Build in Build Back BetterJanuary 12, 2022
American national defense faces a very different threat than it did in when the Defense Production Act was implemented in 1950. But mobilization of domestic production may be even more critical to today’s challenge – and to the future of the United States – than it was seven decades ago.