China is 'risky' for supply chains and India a favored destination for U.S. firms, survey shows
Publishing timestamp: 2024-01-25 04:14:37
Summary
The article discusses a survey that found 61% of U.S. managers would choose India over China for manufacturing, and 56% preferred India for their supply chain needs within the next five years. It mentions that companies see India as a long-term investment strategy and that warming ties between the U.S. and India have made India an attractive alternative to China. However, it also notes concerns about quality assurance, delivery risk, and IP theft in India. The article concludes by mentioning that completely shifting supply chains away from China is not possible and that Vietnam is also considered as an option for the "China plus one" strategy, but may not offer the same benefits as India.
Sentiment: MIXED
Keywords: politics, india, apple inc, united states, asia economy, china, business news,