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zarin taslima
Jul 17, 2022
In Welcome to the Q&A Forum
Let's start with Benz or Volkswagen: "Made in Germany" is a thing of the past. Automakers now only produce about 1/4 of the parts themselves, and the rest come from various suppliers. A car is already a product assembled from parts from all over the world. This production method has very high requirements on logistics, and the so-called "supply chain management" is a huge challenge. If containers from China with important parts cannot reach the port of Hamburg, the production lines of Volkswagen and Mercedes-Benz will soon have to be shut down. Today, this kind of scene company banner design is playing out in many companies. Automobile industry, machinery manufacturing, small and medium enterprises, large enterprises. In the field of medicine, the epidemic has worsened the already tight supply situation of important medicines. Faced with all this, many are asking: Does this mean the beginning of the end of globalization? Do we need to rethink the international division of labor? Should the production line be moved back to China? Do we have any other way of organizing production other than the chemical factories of the world that have been built over the past 30 years? Will the production line move back? Those who blame globalization for all the world's misery, be disappointed: There's no easy answer to the question of whether production lines will move back. This question cannot be answered with "yes" or "no" at all, because the international division of labor has indisputably raised the standard of living dramatically, not only in the advanced industrial countries, but also in other countries. The international division of labor has turned developing countries into emerging threshold countries and lifted hundreds of millions of people out of extreme poverty. Of course, we also have to discuss labor standards, social security standards, environmental standards, etc. However, if the production line is "moved back home", many people will lose their jobs.
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zarin taslima

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