This is the second note in a series based on Fathom’s latest report, Geoeconomic implications of a fractured global economy, which explores the consequences of the global economy fragmenting into blocs. The perceived risk of such a fragmentation is already leading some companies to adopt ‘China plus one’ strategies to diversify their supply chains. If the global economy fragmented and the US-led bloc lost its supply of key strategic products from China, it could replace half of this through rerouting…