Yeah. Exactly.
How are they going to diversify their supply chains while they are mired in slow growth recession like environment with continuing de-industrialization in the background?
If they manage to diversify their supply chain, it will not be Europe because they are scaling back investment, because of de-industrializing.
They can try Asia to look for new suppliers. Do not go to RCEP the South East Asia part because that is all part of the China supply chain.
When they go to ask around in Japan and South Korea, they probably will hear a similar story, but not to the degree like it is in ASEAN.
Then they can ask the people who do not make the stuff, do you make the stuff?
They are getting stuck on the same old bottlenecks that they know about a long time ago.
