News analysis

Coronavirus outbreak is reminder to world that diversification of suppliers, markets is critical

For those who would like to see a decoupling of the world's No. 2 economy from global supply chains in order to ringfence the Asian giant threatening global domination, the current disruption triggered by the coronavirus outbreak has come as a dream come true.

Nothing so exemplifies this as the exultation implicit in United States Commerce Secretary Wilbur Ross' words as he spoke to Fox Television and suggested that the virus outbreak first identified in Wuhan could accelerate the return of jobs to North America.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Straits Times on February 10, 2020, with the headline 'Reminder to world that diversification of suppliers and markets is critical'. Print Edition | Subscribe