Sunday, May 19, 2024
English English French Spanish Italian Korean Japanese Russian Hindi Chinese (Simplified)

According to those engaged in the conversations, Apple Inc. has recently accelerated plans to move a portion of its manufacture outside of China, which has long had a strong position in the supply chain that helped create the most valuable corporation in the world. In an effort to lessen reliance on Taiwanese assemblers led by Foxconn Technology Group, it is instructing suppliers to aggressively plan for producing Apple products in other parts of Asia, including India and Vietnam.

According to analysts and individuals in the Apple supply chain, the turmoil, which follows a year of events that diminished China’s standing as a reliable manufacturing hub, means Apple no longer feels safe having so much of its business tied up in one area. “In the past, people didn’t pay attention to concentration risks,” said Alan Yeung, a former U.S. executive for Foxconn. “Free trade was the norm and things were very predictable. Now we’ve entered a new world.”

Subscribe

* indicates required

The Enterprise is an online business news portal that offers extensive reportage of corporate, economic, financial, market, and technology news from around the world. Visit to explore daily national, international & business news, track market movements, and read succinct coverage of significant events. The Enterprise is also your reach vehicle to connect with, and read about senior business executives.

Address: 150th Ct NE, Redmond, WA 98052-4166

©2024 The Enterprise – All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept