On top of transferring production of Volvo’s EX30 and EX90 models to Belgium, the carmaker may also move assembly of some Volvo models bound for the UK.
One of the lessons we are learning the hardest way possible is that moving all your industrial base over seas to a country with autocratic tendencies makes you dependent on them, while also removing skill and knoedge from your country resulting in long term risk and damage.
Capital moves easily, supply lines do not. The 0 covid policy showed that this dependence on only china is dangerous for companies. And since companies are generally risk averse they will start spreading across more countries.
One of the lessons we are learning the hardest way possible is that moving all your industrial base over seas to a country with autocratic tendencies makes you dependent on them, while also removing skill and knoedge from your country resulting in long term risk and damage.
Capital moves easily, supply lines do not. The 0 covid policy showed that this dependence on only china is dangerous for companies. And since companies are generally risk averse they will start spreading across more countries.