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IRBO - Exodus From China: Who Stands To Benefit In The Shifting Global Supply Chain?
iShares Robotics and Artificial Intelligence
Companies which did not act on the US-China trade, believing it will be temporary, were forced to reassess the vulnerability of their supply network.
BofA analysts estimate that all non-Chinese firms will have to shell out USD 1 trillion collectively over five years to repatriate manufacturing operations out of China.
The phenomenon will have a negative drag on margin, free cash flow, and equity return, but some analysts are optimistic about the broader economic effect in the long term.