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Illustration: Sarah Grillo/Axios

Companies around the world are changing their tunes and addresses — uprooting supply chains and moving their headquarters to get ahead of unsettled global chaos.

Driving the news: Dyson said Tuesday it would move its headquarters from the U.K. to Singapore — not because of Brexit, according to its founder, leading Brexit advocate Sir James Dyson, but to "future-proof" the business.

Yes, but: The company is part of a growing pattern.

  • Japan-based Panasonic executive Laurent Abadie said the company would shift its EU headquarters out of the U.K. to Amsterdam, citing "Brexit-related concerns like access to free flow of goods and people."
  • Steve Madden said last year on an earnings call with analysts that it was "aggressively shifting production out of China" and said the company will source 16% of its tariffed goods from countries other than China.
  • Foxconn, Apple's biggest iPhone supplier, is looking to push production out of China and into India — a move that could "lower prices by allowing Apple to avoid a tariff that adds 20% to devices imported from China."
  • Unilever sought to move its headquarters to Rotterdam from London last year, but met strong resistance from shareholders.

Watch this space: More than half of the 48 financial services companies in EY's Brexit tracker said they are considering moving some of their operations and or staff out of the U.K., thanks to Brexit uncertainty.

Why it matters: “Those are big calls," Carlos Gutierrez, a former Commerce secretary and former CEO of Kellogg who now chairs Albright Stonebridge Group, tells Axios. "Moving a supply chain is a big investment, and putting together a supply chain is a big investment to start with."

  • “I doubt these companies will go back,” even if tensions ease, Gutierrez said.

Be smart: Behind the scenes firms are continuing to plan for a "'no-deal' scenario," Omar Ali, U.K. Financial Services Leader at EY, wrote in the company's Brexit tracker report. "The closer we get to March 29 without a deal, the more assets will be transferred and headcount hired locally or relocated."

Go deeper: Brexit is giving us a grim preview of gridlock gone worse

Go deeper

2 hours ago - Politics & Policy

Democrats propose raising debt ceiling through midterms

Speaker of the House Nancy Pelosi and Senate Majority Leader Chuck Schumer. Photo: Stefani Reynolds/Bloomberg via Getty Images

House and Senate leadership announced on Monday that they plan to attach a proposal to raise the debt ceiling through Dec. 2022 to a short-term, government funding bill. The bill must pass before the end of the month or Congress risks a shutdown.

Why it matters: Democrats are taking a huge risk by trying to force through an increase of the debt limit in its must-pass funding bill. The move is wishful thinking on behalf of Democrats who are hoping they can get at least 10 centrist Republicans to balk, as well as an effort to put Republicans on record opposing it.

Biden to stress U.S. does not seek new Cold War in UN speech

Photo: Al Drago/Getty Images

President Biden will use his first address before the UN General Assembly to lay out his vision for an era of "intensive diplomacy" with allies and "vigorous competition" with great powers — without a Cold War with China.

Why it matters: Biden will take the podium in New York on Tuesday with his own international credibility in question after the chaotic withdrawal from Afghanistan. His administration also is struggling to build international momentum to fight climate change, the pandemic and rising global authoritarianism.

7 hours ago - Health

Biden administration to lift travel ban for fully vaccinated international travelers

Photo: Win McNamee/Getty Images

White House COVID-19 response coordinator Jeff Zients announced on Monday that the Biden administration will allow fully vaccinated travelers from around the world to enter the U.S. beginning in November.

Why it matters: The announcement comes as President Biden seeks commitments from countries to donate vaccines to the global COVAX initiative. He is expected to host a COVID summit on the sidelines of the UN General Assembly this week, and many of the countries attending have expressed frustration with the travel ban.