by Summary:
Based on data for the first four months of 2020, this post shows that U.S. imports from China declined sharply in February and March, before bouncing back in April. The decline was partially offset by growing imports from countries outside of China, such as Vietnam, India, and Bangladesh. As perhaps could have been expected, firms with established supply chain relationships in these countries benefited the most from the disruptions in China. Those reliant on China were largely unable to find suppliers in other countries on such short notice. Additionally, large U.S. importers were more likely to continue relationships with their Chinese suppliers during the shutdown than small importers were.... Resilience based on redundancy.FRBNY — Liberty Street EconomicsHow Did China’s COVID-19
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Based on data for the first four months of 2020, this post shows that U.S. imports from China declined sharply in February and March, before bouncing back in April. The decline was partially offset by growing imports from countries outside of China, such as Vietnam, India, and Bangladesh. As perhaps could have been expected, firms with established supply chain relationships in these countries benefited the most from the disruptions in China. Those reliant on China were largely unable to find suppliers in other countries on such short notice. Additionally, large U.S. importers were more likely to continue relationships with their Chinese suppliers during the shutdown than small importers were.... Resilience based on redundancy.FRBNY — Liberty Street EconomicsHow Did China’s COVID-19
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00
Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow
Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten
Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.
Based on data for the first four months of 2020, this post shows that U.S. imports from China declined sharply in February and March, before bouncing back in April. The decline was partially offset by growing imports from countries outside of China, such as Vietnam, India, and Bangladesh. As perhaps could have been expected, firms with established supply chain relationships in these countries benefited the most from the disruptions in China. Those reliant on China were largely unable to find suppliers in other countries on such short notice. Additionally, large U.S. importers were more likely to continue relationships with their Chinese suppliers during the shutdown than small importers were....
Resilience based on redundancy.
FRBNY — Liberty Street Economics
How Did China’s COVID-19 Shutdown Affect U.S. Supply Chains?
Sebastian Heise