US EditionAggressive reshoring of supply chains risks significant GDP loss, warns OECD
- The OECD warned in its 2025 report that aggressive reshoring policies risk significant GDP loss and reduced global trade worldwide.
- This warning follows a 25-year trend where import concentration shifted from the US, Germany, and Japan to China, raising concerns about supply chain vulnerabilities.
- The report highlights that relocalising supply chains could cut global trade by over 18% and might not reliably improve resilience or economic stability.
- OECD Secretary-General Mathias Cormann emphasized that maintaining trade as a cornerstone of global prosperity requires collaboration to improve the dependability and strength of supply chains.
- The report concludes that proactive policies and international cooperation are essential to strengthen supply chains without undermining global trade benefits like growth and innovation.
12 Articles
12 Articles
OECD Secretary-General Mathias Cormann reinforced the warning, stressing that even with the low-prediction review, “there are significant risks” that the final result can be worse “because of political uncertainty” The OECD content estimates that more than 1% of the world’s GDP is first seen in Journal i.
The OECD has issued an uncompromising warning to the European Union: strengthening military spending should not overwhelm the red numbers of countries. “Although defence spending is expected to increase, it should not be financed by issuing long-term debt,” notes the Economic Outlook report published on Tuesday by the organisation that brings together the richest economies on the planet. The message comes at the most sensitive time possible: whe…
The OECD reviewed its global growth projections, with the US being particularly penalized. Portugal also did not escape the negative trend.
FPCC faces ongoing challenges; expects to produce 5,500 tons of sustainable aviation fuel in 2025
Formosa Petrochemical (FPCC) held its 2025 shareholders' meeting on May 29, 2025, during which company Chairman Ming Tsao stated that US President Donald Trump's tariff and trade wars will pose a major challenge to global supply chains.
He assures that it would not only result in less activity on a global scale, but that the production system would be more fragile to shocks and more unstable.
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