Within Japan, South Korea and China, the trading of raw materials and processed and consumer goods has been a lot smoother than in the U.S., where the number and scale of disruptions — whether they’re personal protective equipment, infant formula, tampons, contrast dye or Adderall — have been increasing for years.
“The reality is supply chains don’t come and go; they expand and deepen,” Ms. Trivedi, who covers industrial companies in Asia, wrote. “They work best when economies of scale kick in as manufacturers produce more and better goods — as has happened in China, Japan and South Korea.”
The success can be attributed to the willingness of Asian companies to make big adjustments to macroeconomic shifts, and the U.S. should take note, according to Ms. Trivedi.
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