Global firms are eyeing Asian alternatives to Chinese manufacturing
Can “Altasia” steal China’s thunder?
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Global Firms Eyeing Asian Alternatives
- Thread starter Wrenchturner44
- Start date
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They don't want to become geopolitical pawns and loose a lot of money.. For example German auto industry is taking it on the chin as they try to extricate themselves from Russia.
Already well underway and this will be the long term impact to China of the pandemic. More than China specifically, firms are becoming more concerned about geographic concentration of sourcing. I've was rather deeply involved w/ offshoring and outsourcing, as well as corporate risk and governance, for years and local/ regional concentration was always a factor, mostly for natural disasters, grid stability and, after 9/11, terrorism, but not typically affecting entire countries. The pandemic and supply chain have reset that thinking to apply to a much larger geo.
KS just recently announced another chip facility near our nuke plant: https://kansasreflector.com/2023/02...uter-chip-plant-to-be-built-in-coffey-county/
after announcing this one near Park City/Wichita: A package of state and federal incentives was similarly relied on to move ahead with Integra Technologies’ decision in early February to invest $1.8 billion in a 2,000-job semiconductor facility in Wichita.
after announcing this one near Park City/Wichita: A package of state and federal incentives was similarly relied on to move ahead with Integra Technologies’ decision in early February to invest $1.8 billion in a 2,000-job semiconductor facility in Wichita.
"Altasia" and "Latin-X" must have been made up by the same person.
I'm assuming this is also happening because of increased federal pressure towards companies in some industries (ie: utilities) to record and report if their supply chain has any foreign parts.
I'm assuming this is also happening because of increased federal pressure towards companies in some industries (ie: utilities) to record and report if their supply chain has any foreign parts.
It's been underway for a while, first covid and now reinforced with the thoughts one day we can have a China experience like we do right now with Russia.
If we closed up shop with China right now because of a Russia type world event, many USA firms are exposed to the point they would go out of business.
Im sure Apple is walking on eggshells as they exit the country, the effort is massive but underway.
Its undeniable and even China statistics show business being off shored now.
If we closed up shop with China right now because of a Russia type world event, many USA firms are exposed to the point they would go out of business.
Im sure Apple is walking on eggshells as they exit the country, the effort is massive but underway.
Its undeniable and even China statistics show business being off shored now.
