”Global supply chain problems and geopolitical concerns may have triggered debate among businesses about reshoring production closer to home, but the numbers tell us a different story. Reported euro area reshorings have steadily declined after being surpassed by offshorings in 2019, suggesting global supply chains remain deeply integrated Global ties remain strong despite the volatility of recent years Reshorings make up a negligible share of company restructurings in the eurozone Import-dependent industries have been left increasingly vulnerable following events that have dominated the global stage over recent years – including the pandemic, conflict in the Middle East, and disruptions to supply chains in the wake of Russia’s invasion of Ukraine. In turn, this has fuelled assumption that firms would bring production closer to home to reduce exposure to external shocks and has raised expectations of de-globalisation.”
Morten W. Langer
