A new study reveals how the 2018 US-China trade war impacted supply chains. While transactions between US buyers and Chinese suppliers dropped by over 18%, innovative and socially responsible Chinese firms were more likely to retain US buyers. The research suggests that suppliers should prioritize innovation and corporate social responsibility (CSR) to withstand future trade wars, while buyers should consider supplier dependence in risk assessments.
In 2018, the U.S. government levied tariffs affecting more than $250 billion of Chinese products. As a result, many American buyers began turning to alternative suppliers to avoid the significant new costs associated with purchasing from China. Recent research found that transactions between U.S. buyers and Chinese suppliers fell by more than 18% immediately following the start of the trade war .
To avoid the significant new taxes associated with buying from China, many American buyers began turning to alternative suppliers — often at a significant cost to both U.S. companies and their Chinese counterparts.is an associate professor and assistant dean at the School of Fashion and Textiles, The Hong Kong Polytechnic University. His research focuses on sustainable operations management and global supply chain management.
TRADE WAR SUPPLY CHAIN INNOVATION CSR POLITICS
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