U.S. pig farmers want to help the world bring home the (American) bacon through exports. But the pork industry faces volatile markets and supply chain disruptions due to COVID-19 and African Swine Fever overseas.
COVID-19 will have an enduring impact on trade. Rising nationalism and a push to diversify supply chains are moving countries away from reliance on China toward regional trade agreements for global trade security.
It is still too early to know the impact of COVID-19 and the trade war on the global supply chain. But did trade policies already induce nearshoring?