As US president Donald Trump revives his trade war, business leaders may seek certainty by switching to local and regional supply chains.
- Businesses need stability, certainty to make investment decisions
- Trade war could drive more national/regional industrial and chemical supply chains
- But reshoring can be very expensive and time-consuming
- New technologies such as 3-D printing and AI support local production
- Export-dependent US chemicals have a lot to lose from a trade war
- US exported more than 10 million tonnes of polyethylene (PE) to Europe in 2023
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