Apple looks to increase production outside China, India and Vietnam under short-listed – Wall Street Journal
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Apple looks to increase production outside China, India and Vietnam under short-listed – Wall Street Journal
STOCKS

Apple looks to increase production outside China, India and Vietnam under short-listed – Wall Street Journal

 

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Apple Inc has told some of its contract manufacturers that it wants to increase production outside China, the Wall Street Journal reported, citing people familiar with the matter.

India and Vietnam, already sites for a small portion of Apple’s global production, are among the countries getting a closer look from the company as alternatives to China, the people said.

Apple last month forecast bigger supply problems as COVID-19 lockdowns slowed production and demand in China. 

The report said that Apple is citing China’s strict anti-Covid policy and other reasons for its decision. Read more…