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Will India benefit as China’s Covid-19 lockdowns hit Apple supply chains? | South China Morning Post

Source: scmp.com scmp.com
News Snapshot:

The economic consequences of China’s zero-Covid policies are now growing more apparent. Since last year, economists have warned of a downturn in the Chinese economy, pointing to weakening industrial profits and slowing retail sales growth. One multinational company deeply burned by China’s Covid-19 policies is at the heart of Big Tech – Apple Inc. With more than 90 per cent of Apple’s iPhones, iPads and Macbook laptops manufactured in China by independent contractors, according to analyst estimates, Apple has been heavily reliant on Chinese manufacturing for well over a decade. That relationship is the source of deep discomfort for some…

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