Covid-19 has opened the kimono of globalism, and what’s underneath is ugly. The virus has illustrated the importance of, and our reliance on, just-in-time supply chains. Supply chains are only as strong as their weakest link. If any ingredient is missing from that supply chain, the nation controlling that commodity can break it, causing devastating economic, geopolitical and social consequences.
Globalism’s open borders and just-in-time supply chains have been providing cheap labor and products — but the coronavirus pandemic has shown us the huge cost of neglected independence.