Examining the Efforts of 3 Major Companies to Relocate Supply Chains from China and Their Progress Away from the 'Factory of the World'
🇨🇳 Examining the Efforts of 3 Major Companies to Relocate Supply Chains from China and Their Progress Away from the 'Factory of the World'.
China's longstanding position as the global manufacturing hub is facing challenges as companies reassess their supply chains. Factors such as geopolitical tensions and the impact of COVID-19 lockdowns have prompted major companies to explore alternatives and reduce dependence on China's manufacturing capabilities. Apple, for instance, has been diversifying its supply chain away from China by shifting some iPhone production to India. However, Chinese contractors remain integral to certain products like the Vision Pro mixed reality headset. Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, is also navigating geopolitical tensions. While it has manufacturing facilities in China, the company is expanding its presence in Taiwan and the US.
A top cybersecurity firm, ESET, has uncovered Chinese hacking attempts in the European cargo shipping industry, marking the latest instance of China-aligned groups infiltrating Western economic infrastructure.