Supply chains are vast and complex. With the need for semi-conductors and rare earth metals, and the country’s deep consumer markets, the likelihood of reducing economic dependence on China seems unlikely. But as labor costs in the People’s Republic have increased, manufacturers are searching for the next fruitful labor market.
The Economist recently pointed to "Altasia" – a pan-Asian alternative supply chain – as a potential threat to Chinese manufacturing. For example, Foxconn is reportedly investing $700 Million in a 300-acre plant in southern India as a push to diversify its production. At Foxconn’s scale, any reduction in cost can […]
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