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The New Plan for Western Companies Is ABC: ‘Anything But China’
Tags: Current Focus, Managing Business, United States, China, Japan, South Korea, India, Indonesia, Telecom, Information Technology, Automobiles, Capital Markets, The Economy, Movement for Renewal of America, 2. Cost of Living Action, 5. Bringing Jobs and Factories to the US, 6. Capital Allocation for Infrastructure, Goods and Services,
How quickly the wind's direction has changed. For decades since 2000 American companies moved operations to China for manufacturing upto a point where there was over concentration and risks in the supply chain seen during the pandemic and as US- China relations diverged on issues such as Hong Kong, Taiwan, Ukraine. This report looks at the US companies shift to looking for ways to shift operations to India, Vietnam and other locations.
In an annual survey 30% of American Chamber of Commerce in China companies out of 360 respondents are shifting their operations for manufacturing to other countries from China. About 25% of tech and R&D companies said they had already begun moving their supply chains out of China.
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