UBS On-Air: Paul Donovan Daily Audio 'Localization is happening'




UBS On-Air show

Summary: US President Trump suggested that the US economy should decouple from China. In one sense, this has been happening for some time as a function of the fourth industrial revolution. Localization has been working against long and complex global supply chains. However, localization allows global companies to make goods close to their customers. Decoupling implies only domestic companies can serve domestic customers.