The Clap Apple (NASDAQ: AAPL) is studying the possibility of shifting a quarter of its production to India, as geopolitical tensions and COVID-19 lockdown restrictions in China continue to have an impact.
The Deets Production of Apple products outside of China is expected to increase from 5% to 25%.
India has recently increased efforts in local manufacturing, making them a prime choice for Apple.
Why this Matters The relocation of Apple’s supply chain will help in mitigating the risk of relying heavily on one country to produce its products.
What Now Easing restrictions are allowing Apple and other big countries to speed up the supply chain relocation efforts.