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ICC boss John Denton: 'Onshoring' manufacturing after pandemic will drive up prices

from Sydney Morning Herald

ICC boss John Denton: 'Onshoring' manufacturing after pandemic will drive up prices Sydney Morning Herald The push to "onshore" more production in the wake of the coronavirus pandemic will lead to higher prices and damage the long-term global economy, the Australian head of the world's largest business organisation warns. John Denton, the secretary-general of the Paris-based International Chamber of Commerce and Industry, also said that the appetite among world leaders to solve problems together has now "all but evaporated" unlike the global financial crisis. READ MORE

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