A full decoupling from China is economically and, for some countries, politically unfeasible, a recent report by London-based think tank International Institute for Strategic Studies has said. The report, titled "COVID-19: Global trade and supply chains after the pandemic" and conducted by independent consultant David Ramirez, studied possible trade and supply scenarios after the COVID-19 pandemic. The pandemic has brought about new consumer habits, business strategies and government emergency measures, which will inevitably affect international trade and supply chains, according to the report. However, China, which has played the role of "the world's factory," will remain a key player, even though "global supply chains will be permanently changed post-pandemic," said the report.
