US optimism to reshore supply chains from Asia ‘overblown’, with region’s share of global exports set to rise

Asia’s convenience, reliability and cost-effectiveness mean optimism and expectations in the United States that American companies can reshore production from the region is “overblown” and any such shifts will “remain an exception to the rule”, according to a new report.

The Biden administration is keen to loosen US supply chain dependence on foreign countries, especially China, and confirmed last week in a 255-page White House report it plans to set up a “strike force” to fight Beijing’s unfair trade practices and strengthen American production.