As the world emerges from the global economic shut down that occurred in 2020 due to the pandemic, many multinational companies are facing production issues and supply shortages. The challenge, in 2021, will be for companies to strengthen their supply chains and explore domestic manufacturing alternatives. Joining Michael for this conversation is Seoul, Korea-based attorney and Asia markets expert, Paul Kim, to explore these supply chain challenges and new economic opportunities in Q2.
Paul Kim graduated in Economics from the University of Chicago, with highest honors, and obtained his Juris Doctorate degree from Harvard University. Paul currently serves in private practice as a Corporate Partner in Sheppard Mullin's Seoul office advising clients on cross-border mergers and acquisitions (M&A), private equity, venture capital and securities transactions, restructurings and multi-jurisdictional disputes.
What We Discussed in This Episode:
- How has the increased demand for certain goods like computer chips, driven by the pandemic, affecting the manufacturing and shipping industries?
- How much of an impact did the recent blockage of the container ship in the Suez Canal have on the flow of shipments worldwide?
- Which industries are currently experiencing supply shortages and why?
- Will these supply chain issues around the world likely lead to a redirection of production locations?
- Will there be an increase in domestic and regional production reliance?
- Is there room for greater collaboration and integration between Asian and Western countries in the future?
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