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At least a bunch of large companies have begun to wake up and to reduce Chinese dependency in their supply chains. Some because Chinese labor prices have risen
by mschuster91 3y ago
At least a bunch of large companies have begun to wake up and to reduce Chinese dependency in their supply chains. Some because Chinese labor prices have risen to the point where the savings make it worth the effort, some because they fear a repeat of what went down during Covid, and some because they don't want to risk being stuck in China should the Taiwan situation explode.
And then there are others like BASF or Volkswagen, who already showed bad decisionmaking in Russia, who now double down on China. Complete and utter madness - it's time for politics to step in here.