Those who blame globalization for all the world's misery, be disappointed: There's no easy answer to the question of whether production lines will move back. This question cannot be answered with "yes" or "no" at all, because the international division of labor has indisputably raised the standard of living dramatically, not only in the advanced industrial countries, but also in other countries.
The international division of labor company banner design has turned developing countries into emerging threshold countries and lifted hundreds of millions of people out of extreme poverty. Of course, we also have to discuss labor standards, social security standards, environmental standards, etc. However, if the production line is "moved back home", many people will lose their jobs. Whenever US President Trump (Trump) talks about "America First" and "bringing jobs back home", many people get excited about it. And when the German economy minister or the French economy minister said he would increase capacity within Europe and "relocate certain areas of the economy", few were excited about it.
Admittedly, we have to talk about certain aspects, such as the pharmaceutical field. 80% of the important raw materials of the pharmaceutical industry in Germany and France depend on foreign countries, and 40% of them depend on China for supply. This must be changed. But what is the reason for this dependence? Because the cost of local production is too high, the medical insurance system is also facing huge price pressure. However, the assertion that "many of Germany's industrial products are in the hands of the Chinese" is false. The German economy is an important part of and the main beneficiary of the international division of labor; the German economy does not depend on a single country. According to the German Chamber of Commerce, no German trading partner accounts for more than 10% of Germany's foreign trade.