Apple’s wide exposure to Chinese manufacturing, notable both for its low costs and rising risks, has receded since the COVID pandemic began, according to company supply chain data
wide exposure to Chinese manufacturing, notable both for its low costs and rising risks, has receded since the COVID-19 pandemic began, company supply chain data shows., battling production shortfalls and labour unrest spurred largely by Beijing's harsh virus containment policies, analysts expect the risks - and Apple's retreat - to accelerate.
"Decoupling is just not realistic for these companies for the time being," he said, although he expected diversification to accelerate. The Apple supplier data to 2021, however, shows no locations so far that stand out as substantial gainers to match China's decline, according to the Reuters analysis.
Apple's annual data covers more than 600 locations among its top suppliers, which represent 98% of Apple's direct spending. Apple does not disclose how much it spends with each supplier, and those on the list can change each year as different companies make the cutoff among Apple's thousands of suppliers.
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