The Chinese have been dominating the industrial factories for the last four decades but things are changing.
In the modern world where on the one hand the effect of globalization changed things rapidly. To take advantage of this situation, China has perfectly positioned itself to be the hub of global supply chains to integrate.
Every major company were dependent on Chinese factories due efficient skilled labour and delivered the finished goods on time to multinational companies like Apple, TSMC and Mazda.
During the Covid-19 pandemic, Global Supply chains were disrupted due to the pandemic lockdown and some companies were burnt out.
However, one of the key element of moving the integrated supply chains is the US-China Trade War as it was proposed by the Trump administration in 2018.
As geopolitical tensions are rising between the two Great Powers the United States and China, Most of these major companies have a large share of US investors, So That is Why These Companies shifting their thinking elsewhere.
Top Three Multinational Companies that are shifting their focus elsewhere are following:
Apple
Apple has been shifting its thinking to go for alternative and qualified efficient labours as well as good business environment countries.
During the pandemic, Apple’s Output were disrupted as lockdown across china were imposed. As Apple considering India is the alternative to China. Apple moved some the production line to india to make Iphones and other Apple Product there.
TSMC ( Largest contract chip maker company )
TSMC is a US largest Contract Chip Maker Company, As the geopolitical reshaping order is happening, TSMC is also keeping an eye on other productive countries, Including Taiwan etc.
MAZDA ( Car Makers Company )
MAZDA car manufacturing company is moving back to Japan again as US-China geopolitical landscape is heating encouraging global competition.
