Lisa Anderson, Manufacturing and Supply Chain Expert, MBA, CSCP, CLTD, president of LMA Consulting Group Inc. told American Pigeon that the upheaval surrounding the Trans-Pacific Partnership has already had supply chain-related consequences.
The lack of direction in Biden’s Asia-Pacific trade-to-security policy balance increases inflation risk factors, experts warn. U.S. inconsistency regarding the new Trans-Pacific trade pact has left an economic vacuum for China to fill.
The Biden administration continues to stall any new TPP agreements with alternative deals. Yet, as the Biden administration appears to lack a resolute course in its Asia purpose, Western trade with Indo-Pac partners flounders, and Beijing gains.
Lisa Anderson, founder, and manager of LMA Consulting Group Inc. told American Pigeon that the upheaval surrounding the Trans-Pacific Partnership has already had supply chain-related consequences.
“The increased political tensions over the Trans-Pacific Partnership simply add to the escalating political tensions with China as well as the realization that U.S. companies have taken on far too much risk in their supply chains,” Anderson said.
The market shifts to mitigate the risk. Anderson highlights the steps that business owners have taken to protect their supply chains against risks.
“The most progressive executives are moving their supply chains much closer to their customers, minimizing risk throughout their supply chain and expanding control of their manufacturing processes,” Anderson said.