Redundancy, not reshoring, is key to supply chain security
“Instead of abandoning global supply chains, governments and boardrooms should focus on making them more redundant. More suppliers and more inventory might make global manufacturing processes slightly less efficient, but these redundancies will increase reliability and resilience, benefiting countries, companies, and consumers alike.”
U.S. officials agree on new ways to control high tech exports to China - sources
“Three measures agreed to by senior U.S. officials in a meeting last Wednesday, but not finalized, would introduce hurdles that could be used to stop Chinese companies from buying certain optical materials, radar equipment and semiconductors, among other things, from the United States.”
Mexico joins Canada, notifies U.S. it’s ready to implement new NAFTA
“The text of the agreement says it will take effect on the first day of the third month after all three partners have notified the others they’ve changed their relevant laws, regulations and other administrative systems and are ready to comply. If the U.S. gives its notice before the end of April, the earliest the new measures could take hold is July 1.”
3M announces plan to import additional respirators into the U.S.
“3M will import 166.5 million respirators over the next three months primarily from its manufacturing facility in China, starting in April. The Administration is committed to working to address and remove export and regulatory restrictions to enable this plan. The plan will also enable 3M to continue sending U.S. produced respirators to Canada and Latin America, where 3M is the primary source of supply.”
EU waives duties and VAT on imports of medical equipment
“This measure includes masks and protective equipment, as well as testing kits, ventilators and other medical equipment. It will apply for a period of 6 months, with a possibility for further extension.”
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