For decades, major companies have behaved as if geographic distance were almost irrelevant... The pandemic and geopolitical upheavals have exposed the risks of depending on faraway industry to make critical things like computer chips, protective gear, and medicines.
The emergence of Covid in China ended the previous version of globalization... policymakers and business executives in the United States and Europe faced pressure to diminish their reliance on China due to the rise of geopolitical tensions.
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