I don’t think we would be in this situation if it wasn’t for the pressure on energy costs from a ukraine war and also the constraints from a supply chain.
The supply chain would have worked itself out once the covid got better and things started reopening overseas again.
The ukraine war thing, however, is the big unknown. It’s going to be a long drawn out war, and energy prices will stay high in the meantime until those that demand it find alternatives.
Energy prices have a big influence on costs of goods and services, just from transportation alone, so does supply chain issues.
Example…Domestically produced rice is currently selling for a lot less than rice imported from Asia. Go to any asian supermarket to confirm. it’s about $10-15/bag difference if you want Thai imported rice versus stuff grown here such as Calrose.
There’s many examples of this where right now imports cost near the same or more than domestically produced or North American producted goods and services… That also makes a case for bringing work back here.