Made in China - China sneezes and the world catches a cold!
With China at the epicentre of the controversies originating due to the Corona virus pandemic, global supply chains are set for a major reshuffle as it exposes the vulnerability of many companies that rely heavily on China for most of the manufacturing needs. Be it automobiles, electronics, pharmaceuticals, steel etc, companies all around the world are in evaluating safer and more economical places like Vietnam, Thailand, India, Mexico etc to set up their manufacturing units. Companies who placed Chinese manufacturing facilities as the heart of their companies are now facing heart failures. From Apple, Nike, Harley Davidson, Panasonic, Samsung, Steve Madden, Asics, Skechers, Mazda etc a large movement of companies out of China has been observed over the past few years. With rising labour costs, shortages of workforce, a trade war with the United States, the rise of manufacturing hubs in South-East Asia and now a pandemic that originated on its mainland it’s been evid