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MARK BARNES: Strongest links in the supply chains are now trust and security

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The move away from lowest cost at any price is a huge opportunity for local manufacturers

Supply security will be the new strategic imperative, perhaps even the new competitive advantage.

Before Covid and before Russia’s invasion of Ukraine the emphasis was on the cheapest and most efficient sources of inputs to manufacture — including labour — across the world. There were no trade boundary definitions that couldn’t be over-ruled in the name of lowest cost of production...

 

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