Hobby Lobby, Target & Walmart Ditch China Supply Chains! China's Exports to US Plunge 29%
Hobby Lobby, Target & Walmart Ditch China Supply Chains! China's Exports to US Plunge 29%
Transcript
The process of dechinization in the US supply chain is accelerating. Recently, it was reported that US retail giant Hobby Lobby has dramatically reduced its procurement from China, dropping from over 65% at its peak to less than 10%. Experts predict that this decline will continue with China's share potentially dropping to just 2 to 3% by 2027. Hob... Read More
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