Business
Why ASX 200 tech shares are vital to manufacturers’ reshoring plans
S&P/ASX 200 Index (ASX: XJO) tech shares have garnered a lot of media and investor attention since the onset of the global pandemic.
And for good reason.
As Aussies transitioned to working, playing and shopping from home during viral lockdowns and social distancing, many of the ASX 200 companies providing these services saw their share prices surge.
But COVID-19 did more than roil up consumer and work habits.
Coming atop of trade conflicts with China, the pandemic also shone the spotlight on the growing deficiency in manufacturing capabilities on Australian soil.
Among other issues, the coronavirus saw supply chains disrupted as overseas manufacturing facilities were forced to shut down. Or when governments opted to supply their…
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