$AMZN $WMT $COST $HD all built their businesses on US-china labor-market arbitrage. Now that the gig is up, which companies have the know how to adapt and transform and find the new market opportunities? Who will find the new cheese and who will complain their cheese is gone?https://twitter.com/reutersSimonW/status/1043109184529678336 …
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I agree in the sense that Amazon didn't consciously build the Chinese supply chain in the way Wmt and Hd did, they sort of rode the backs of others work who built production there. Dumb luck doesn't reduce dependency, all their ind mfrs need to adapt to keep platform on top.
Suppose hd and wmt were agnostic about the source of their products. Chinese labor arbitrage still happens because companies were going there anyways to manufacture. Amazon actually also "builds the Chinese supply chain" in many ways, but again it would've happened anyways.
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And a minor point, china accounts for a slim percentage of what's sold at Costco. Other factors are at play there.
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