Western companies are moving away production from China

Companies from the West are increasingly focusing on diversifying their manufacturing operations away from China, adopting a strategy known as "China plus many." Key players such as Apple, Crocs, and Universal Electronics are at the forefront of this trend, expanding their production bases in alternative countries like Vietnam, India, and Mexico. The decision to diversify manufacturing arises from the recognition that relying solely on China for production is no longer sustainable. Factors such as the Covid-19 pandemic, rising geopolitical tensions, and the US-China trade war have emphasized the need for companies to decentralize their supply chains ...