'Onshoring' manufacturing after pandemic will drive up prices: ICC boss John Denton

The push to 'onshore' more production in the wake of the coronavirus pandemic will lead to higher prices and damage the long-term global economy, the Australian head of the world's largest business organisation warns.

. The organisation represents more than 45 million businesses across 100 countries and has big influence in trade policy.Denton said the pandemic had made global connectivity weaker and exposed an over-reliance on importing goods - particularly personal protective equipment - from China.But he also warned against panic and embracing "short-sighted" export bans on medical equipment and supplies.

BevanShields Lost me at the mention of the real failed unnecessary disaster... 'global'.

BevanShields I refuse to buy sweatshop items. I only support small business via Etsy for personal and household products or even a clothing item. Dress for quality not sweatshop quantity.

BevanShields Otherwise known as bullshit.

BevanShields Chinese lickspittle that does not understand modern manufacturing and the significance of intellectual property and data management, back to Beijing for your, or Jurrasic Park. Just in time is a failure.

BevanShields We dont care .

BevanShields Please give us a break is this guy for real?

BevanShields Isn’t the point that we need to onshore at least some products (eg. Medicines) to ensure continuity of supply?

BevanShields Happy to pay the extra price to support local manufacturing

BevanShields ..ignoring the costs of having our imports held hostage by a hostile aggressor state.

BevanShields Minimum wage in Aust is way higher then any country in Asia or emerging economy. Good luck with your dream thinking of Aussie made. Unless you use robotics which means no job boost and more capital investments.

BevanShields Reality is - everyone flaps their mouth off about Aussie jobs and buying Australian made, but when the time comes to part with the money they'll choose better quality and better priced foreign products.

BevanShields It may drive up wages too!

BevanShields Happy for him to offshore his position for a 5th of his current wage. Will he do it ?

BevanShields And? Short term damage for long term gain is worth it. What a moron

BevanShields Competitive advantage principles are in the water mate.

BevanShields This guy is full of shit. Manufactured here equates to superior quality, which equates to more money. We adjust our economy to suit. This Elite cares about himself.

BevanShields They will fight tooth and nail to retain the status quo.

BevanShields Honestly, what would he know?

BevanShields He encouraged middle powers like Australia, France and Japan to 'seize the mantle of leadership' and promote free and fair trade That is crap Manufacturers are using cheap labor to enrich few in Asia In China alone manuf n app developers created 100s billionaires

BevanShields Of course they will. Why? Because our people will not work for $2 an hour. For Christ sake. It is not that hard to figure out.

BevanShields Another drongo

BevanShields Robotics and 3D printing may mean “on-shoring” manufacturing confers comparative advantages that might otherwise not be possible. And there are other factors, including supply chain dependability and resource security that need to be considered. I don’t trust him.

BevanShields Australia could gain itself a good reputation for quality manufactured products that supply niche markets. We need to plan for the worst when it comes to our ability to produce the things we need the most.

BevanShields the Australian head of world's largest business org based in London calling doom and gloom on 'on-shoring' production to Australia.

BevanShields Here we go. An extremely greedy person trying to make the rich richer

BevanShields But create jobs, assist with sovereign security and shift the profit of the mega internationals back to the smaller businesses.

BevanShields I don't care about global economy, I care about Australias economy.. happier to pay more to keep Aussies in jobs

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