Yeah, I asked you about Russia with that. You think if China jumps on to Taiwan direct passages to Russia unimpeded will eventuate?
He was right about bringing manufacturing and supply chains back home.
A study by the UBS Evidence Lab found that a staggering 76% of US companies with factories in China were in the process of or considering moving operations to other countries in 2020. They include sportswear colossus Nike. The firm's suppliers have been relocating production facilities to southeast Asia and Africa
Though the bulk of Apple's manufacturing will remain in China, the tech giant has been encouraging its suppliers, which include Taiwanese firm Foxconn plus Delta Electronics and Pegatron, to move up to 30% of iPhone production from China. Foxconn, for instance, is investing up to $1 billion (£762m) to expand a plant in India, while other contract manufacturers are setting up in Vietnam, Thailand and Indonesia. Apple is also planning to have 30% of its classic AirPods produced in Vietnam instead of China, while a “significant number” of iPads were set to be produced in Vietnam as of mid-2021
American firm Hasbro moved a significant proportion of its production out of China to factories in Vietnam and India.
Google is more or less blocked in China, but the search engine's parent company Alphabet still produces hardware products in the country, although perhaps not for much longer. As supply chains have become disrupted, the tech behemoth has moved manufacturing of its flagship Pixel smartphone to Vietnam and will reportedly produce various smart home products in Thailand.
After moving production of its Surface line of notebooks and desktop PCs from the US to China in 2017, reports also suggested Microsoft was planning to move production to north Vietnam during 2020.
American action camera company GoPro had relocated much of its US-bound manufacturing away from China to Mexico.
Though Intel remains confident in the Chinese economy and is strongly committed to operating in the country, the Silicon Valley-based semiconductor chipmaker has followed many US companies by shifting the manufacturing and assembly of some of its wares from the People's Republic to Vietnam.
American sportswear and casual apparel company Under Armour has mapped out a plan to reduce its reliance on manufacturing in China in favour of countries such as Vietnam, Jordan, the Philippines and Indonesia.
Steve Madden shoes and handbags will no longer be produced in China. The New York-based fashion company was hit by Trump administration-imposed tariffs and plans to gradually move production of its footwear and accessories to Cambodia, Brazil, Mexico and Vietnam in order to keep costs for its US customers on an even keel.
The New York Times decided to move part of its Hong Kong office to Seoul, South Korea.
