Asian Insights

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Supply chain reconfigurations gaining steam

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Supply chain reconfigurations gaining steam

  • Evidence is mounting that firms are doubling down on plans to shift production out of China. Geopolitical risks and shifting consumer dynamics will strengthen this trend.
  • Economic efficiency is being de-prioritized as firms seek to bolster resilience and security. Reshoring and near-shoring are the new modus operandi.

A reality check on the yuan’s prospects as a global currency

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A reality check on the yuan’s prospects as a global currency

  • The notion of “de-dollarization” is once again in vogue, with the yuan being floated as the dollar’s successor as a global currency. We are skeptical of such maximalist claims.
  • A detailed examination of the yuan’s current position shows that it is a far cry from being a global currency. While its role will grow, overtaking the dollar remains unlikely.