from moscow to beijing the geopolitical situation today is stark chinese leader xi jinping recently met with russian president vladimir putin in xi’s first meeting outside china since the pandemic began a move suggesting a strengthening relationship between the two world powers the ukrainianrussian war and the new cold war between the west and russia have thrown the west into consternation an energy crisis looms over europe meanwhile tensions continue to develop in the relationship between the united states and china rifts are growing in the aftermath of house speaker nancy pelosi’s visit to taiwan and fears are mounting that taiwan could become the next ukraine one consequence of the conflict over taiwan has been the chinese withdrawal from climate target agreements despite the collaboration promised between the us and china at the 2021 united nations climate change conference known as cop26 pelosi’s early august visit to taiwan led to china threatening to not cooperate on climate policies despite producing 27 of global greenhouse gases relationships have also become strained as a result of accusations of human rights violations and genocide being leveled against china for its treatment of the uyghur minority in its xinjiang region is it time to move us production out of china if the continued souring of the americanchinese relationship is not enough to make foreign manufacturers nervous there are also signs that the chinese economy is starting to wobble the bottom is dropping out of the chinese housing market presaging a collapse that could cause tremors reminiscent of the 2008 us housing crisis real estate currently accounts for onethird of economic activity in china double the share of real estate in the us and a crisis there would cause shock waves across the entire chinese economy what all this means for future geopolitical relations between china and america remains to be seen but it will most likely raise concerns for companies whose production is located in china with the covid19 pandemic having highlighted the global supply chain issues that could result from disruptions to operations there companies ranging from apple inc appl and adidas ag adddf to tesla inc tsla and target corp tgt have large manufacturing facilities in china with the future currently cloudy how will investors maintain confidence if this economic and political uncertainty continues many companies are starting to talk about moving back to american soil with the construction of new factories in the us increasing by 116 in the past year leading the pack in the return to us shores one company in the energy and automotive space that is preparing in advance and making the move is worksport ltd wksp providing solutions in renewable energy worksport and its subsidiaries take their patented designs through production in an effort to innovate in the energy and automotive industries worksport’s subsidiaries include terravis energy inc latin for earth and force which produces the nonparasitic electric vehicle npevtm charging platform that it hopes will spark interest in the electric vehicle industry worksport’s solis spanish for sun tonneau covers for trucks function as onthego solar chargers for its cor battery systems to prepare for the challenges that could soon be posed for manufacturers in china the company will soon begin manufacturing its products in america it purchased a new 222000squarefoot facility in buffalo new york recently and plans to have the factory up and running at full capacity by christmas no matter what happens in the east worksport is working to ensure that it is positioned for continued growth and operations can continue as usual in any circumstance “with all the manufacturing issues plaguing multiple industries today from supply chain issues to the risk of ip intellectual property being compromised onshoring production to a facility we own is the next logical step in worksport’s growth strategy” worksport ceo steven rossi said excited by the prospect of new jobs and innovative technology new york’s empire state development acting commissioner president and ceodesignate hope knight said “as worksport’s first us production facility this project will solidify the company’s investment within new york state help foster innovation and green technology and provide the potential for even more jobs in the future” to learn more about worksport visit its website this post contains sponsored advertising content this content is for informational purposes only and is not intended to be investing advice