Vantage Point

Explore our latest perspectives on the global economy, geopolitics, and industry dynamics.

TOPIC: NEARSHORING

System, interrupted – The Onyx 2026 Outlook

December 5, 2025

In 2026, countries will struggle to maintain old economic relationships while simultaneously needing to prepare for a new international system. This struggle will increase costs, sharpen risks, and complicate strategic decisions for companies, with government policy being a major source of this risk. Onyx expects the clash between old policy intentions and new geopolitical realities to become clearly visible in 2026, setting the stage for future drastic changes.

The Pfizer deal previews Trump’s industrial policy

October 3, 2025

President Donald Trump’s tariff policies, tax cuts, and deregulation push were set to have ambiguous impacts on investment within the US. Recent agreements and reporting reveal a more comprehensive, if untested, industrial policy.

Another view of China’s deep involvement in global supply chains

September 12, 2024

Rhetoric on derisking trade from China is growing due to geopolitical tensions, but strong trade complementarity remains, highlighting China's crucial role in global supply chains.

Southeast Asia Attracts Investment but Faces Capacity Crunch

April 18, 2024

One of the ways that SEA-5 nations seek to address existing labor shortages challenges is by increasing productivity. The successful execution of this strategy will be crucial for sustaining their competitiveness in the global market.