Ukraine

We're screwed at the moment because we do not have the manufacturing base that we used to have. We can and do outproduce most of the world when it comes to munitions in a time of peace, but we have a massive scalability problem because we've offshored so much manufacturing.

We used to be able to ask companies that produced mundane consumer goods to retool for producing war materials, but they don't exist many places anymore. Much of our domestic manufacturing already produces for the defense industry and wouldn't have enough tools to increase production much to meet demand.

We've seen the government take some steps to mitigate this in the electronics space by encouraging Taiwan Semiconductor and Intel to build more foundries stateside, but there's a long way to go to solving the problem.