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Supply Chain Trends Accelerated by COVID-19
COVID-19 exposed global trade fragility. Learn how China-plus-1 and nearshoring trends are reshaping supply chains and how Pacific Transformer stays resilient.
Current Supply Chain Trends You Need to Know
To say the COVID-19 crisis has caused disruptions in the global supply chain would be an understatement. In fact, it has undoubtedly unveiled the fragility of current global trade and highlighted the vulnerabilities in the west's dependence on China.
Two emerging trade strategies have gained momentum. The first is the 'China plus-1' concept, which maintains Chinese sourcing while diversifying through other Asian nations like Taiwan and Thailand. The second is 'Nearshoring,' which relocates supply chains to Latin American countries like Mexico to reduce costs and transit times.
Over the 40 years that Pacific Transformer has been in business we have witnessed and endured many crises such as multiple economic recessions, dock strikes, and trade wars.
Pacific Transformer maintains manufacturing across China, Thailand, Mexico, and the United States to provide our customers with unmatched supply chain resilience.
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