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Apple is accelerating plans to move production out of China as protests and riots intensify in response to zero-Covid policies, report says

December 4, 2022
Source: ca.finance.yahoo.com ca.finance.yahoo.com
News Snapshot:
Foxconn is Apple's biggest manufacturing partner. SAM YEH/AFP via Getty Images Apple is increasing its efforts to shift production outside of China, according to the Wall Street Journal. Production at factories like Foxconn has taken a massive hit amid riots over zero-Covid policies. Shifting production will likely be difficult in the current global economic climate, sources told WSJ. Apple is pushing to expedite a pivot away from manufacturing in China, as protests swell over the country's strict zero-Covid policies and riots thwart production. The technology giant is ramping up efforts to shift production to other Asian countries like India and...
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Tags: Apple | Bloomberg | Business | China | Chinese | communist | Covid-19 | Economy | factory | Foxconn | Giant | holiday | India | iPhone | IT | LED | LINE | manufacturing | operator | outsource | outsourcing | plant | supply chain | technology | Vietnam

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