Coronavirus may lead to Reshoring in Global Manufacturing

China accounted for almost 40 percent of manufacturing in 2019, and with coronavirus locking the country down, global supply chains and manufacturing have been impacted significantly. As the virus spreads, many manufacturers and suppliers continue to operate below normal capacity. In the long term, Euromonitor International expects a greater share of production moving from China to other Asian countries and to Europe and North America. However, in order to successfully reshore production, companies must be capable of tracking their entire supply chains.Lots of brands claim to be number one… but can they prove it?At Euromonitor International, we help brands build trust through evidence-based research. Our claim validation service ensures your marketing messages are backed by real data. Stand out in a crowded market. Visit euromonitor.com/claims to learn more.