When the Yemen-based Houthis started attacking commercial vessels in the Red Sea, the crisis brought to light the vulnerability of global trade chokepoints.
It re-emphasises just how susceptible the global supply chain is to disruptions. In a highly connected and integrated global economy, a disruption in one location can easily cause a ripple effect that rapidly spreads to the rest of the world.
Setting up smaller manufacturing hubs within a region rather than just a few main ones offers one solution for supply chain disruptions and…
