Leaders.com
  • Login
  • Subscribe
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
  • Login
  • Subscribe
Business manufacturers consider china

As political shifts make relationships with China more difficult, manufacturers are considering the difficult task of moving productions from China. (Photo by ISHARA S. KODIKARA/AFP via Getty Images)

By Hannah Bryan Leaders Staff

Hannah Bryan

Hannah Bryan

News Writer

Hannah Bryan is a news writer for Leaders Media. Most recently she was a reporter for the Sanilac County News...

Full bio


Learn about our editorial policy

Sep 30, 2022

Manufacturers (Carefully) Reconsidering China

More companies are considering relocating their manufacturing currently based in China—but the task is daunting. 

Key Details

  • Between tariffs, COVID restrictions, and unsteady international relations, businesses are reconsidering manufacturing relationships with China.
  • Moving established manufacturing facilities and reworking current supply chains is a monumental task. Apple, for example, will take an estimated eight years to move just 10% of its production out of China, Bloomberg reports.
  • Smartphone production in particular is difficult to relocate as China makes up 70% of global smartphone production.

Why it’s news

Decades worth of investment has established a complex supply chain for technology manufactures in China. Moving could cause major disruption to the complicated process.

Despite the difficulty in moving, recent world events, such as the conflict between Russia and Ukraine, serve as a reminder of the dangers of placing all manufacturing in one location. 

Adding to companies’ incentive to migrate, U.S. and Chinese trade relations have been tense during the last several years.

Tariffs put in place during the Trump administration, sanctions on Chinese tech manufacturers, and some direction from the Biden administration have indicated a trend against U.S. and Chinese trade. 

The Chips and Science Act and the Inflation Reduction Act, two recent pieces of legislation, aim to bolster U.S. technology development, but at the same time, they push companies away from China. 

To access the $52.7 billion in federal funding, companies must drastically reduce chip production in China and countries of concern, like Russia. 

Private business relationships with China have suffered just as much as government relations. 

China’s COVID Zero policy combined with unrest in the region has led to optimism from U.S. firms reaching an all time low. Of companies surveyed by the U.S.-China Business Council, over half have delayed or canceled plans in China. 

While some companies may be moving out of China itself, many aren’t moving far. They are shifting to neighboring countries like India, Vietnam, and Indonesia. Even with these shifts, China remains the core production location.

Home / News / Manufacturers (Carefully) Reconsidering China
Share
FacebookTweetEmailLinkedIn

Related Stories

Tech Leaders Warn Of A.I. Dangers

by Savannah Young Leaders Staff
Leadership

3 minutes ago

2020 presidential election candidate Andrew Yang is among 1,000 top tech leaders signing a letter urging companies to pause AI development

More than 1,000 technology leaders and researchers have signed an open letter urging companies to pause artificial intelligence (AI) development stating that the systems are  “profound risks to society and humanity.”

Key Details

  • More than 1,000 tech leaders, including Elon Musk, Apple co-founder Steve Wozniak, 2020 presidential election candidate Andrew Yang, Atomic Scientists president Rachel Bronson, and others, have signed a letter urging AI systems to be paused.
  • Since the debut of AI chatbot ChatGPT in November, the tech has attracted 100 million subscribers and led other companies to deploy artificial technology to capitalize on the trend quickly.
  • Now tech leaders are warning that the systems must be paused because they are too advanced and the tools present “profound risks to society and humanity.”

Go deeper

FacebookTweetEmailLinkedIn

The Shift In America’s Core Values

by Savannah Young Leaders Staff
Business

5 minutes ago

A new study shows that priorities that once defined most Americans for generations are falling behind.

Key Details

  • Around 38% of poll respondents say patriotism is very important, and 39% say religion is very important, according to a study by The Wall Street Journal and research organization NORC.
  • When the study was first conducted in 1998, 70% of respondents deemed patriotism to be very important, and 62% said so of religion.
  • Tolerance for others was very important to 80% of American respondents four years ago but has fallen to 58% in the last recording.
  • Having children, involvement in their community, and hard work are also answer choices that have significantly decreased in importance to the American public over the last few years.
  • The only aspect that has grown in importance is money which is cited as very important by 43% in the new survey, up from 31% in 1998.

Go deeper

FacebookTweetEmailLinkedIn

The Next Big Thing—Influencer Management

by Savannah Young Leaders Staff
Social Media

9 minutes ago

TikTok influencer Yusuf Panseri performs a video for the social network TikTok

Social media influencing has quickly become one of the most sought-after jobs, but some people have found being an influencer assistant is the best way to become profitable and have a steady income in the industry.

Key Details

  • In a 2022 survey of 1,000 18 to 25-year-olds, 27% say they planned to be an influencer, and nearly 15% said it was their only career choice, according to HigherVisibility.
  • A micro-influencer, someone with 10,000 to 50,000 followers, can earn anywhere between $40,000 and $100,000 per year, while an influencer with 1 million followers can make thousands per social media post.
  • An influencer marketing manager or assistant in the U.S. typically makes anywhere from $92,904 to $136,058, for an average of $111,473 annually, according to Salary.com.

Go deeper

FacebookTweetEmailLinkedIn
shell production
Business

21 minutes ago

Shell Wavers On Oil Output Reduction

by Hannah Bryan Leaders Staff
Russia economy
Business

About an hour ago

One Year Out: War’s Effect On Russia’s Economy

by Hannah Bryan Leaders Staff
VR
Tech

About an hour ago

Disney Uninstalls the Metaverse 

by Tyler Hummel Leaders Staff

Recent Articles

Leadership

6 hours ago

The Most Productive People Follow Daily Routines, Here’s Why

By following a structured daily routine, you give your mind a break from making constant decisions, saving mental energy and willpower

Productivity

Mar 27, 2023

84% of Workers Are Easily Distracted—Here Are 10 Tricks to Stay Focused

Learn to improve mental performance when you can’t stay focused.

Leadership

Mar 22, 2023

Creating Loyal Employees Is About More Than Just the Paycheck

If you think simply paying your employees more will gain their loyalty, think again.

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2023 Leaders.com - All rights reserved.

Search Leaders.com