Heading Towards Deglobalization

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The last few decades saw massive advances in globalization. The technology we have access to is affordable for any business size and has resulted in entire companies who have teams dispersed around the world with no centralized physical location.

But now, the signals are indicating we’re heading in the opposite direction – less globalization due to exposures in vulnerabilities in supply chains (e.g. 1 in 5 Canadian companies are looking to diversify their supply chains, they won’t be the only ones).

Does that mean more jobs will be brought back domestically (whereever that may be)?

Maybe some, but not all.

I think we’ll see more of those jobs/tasks taken over with an acceleration of automation and robotics.

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