China's Covid controls are pushing companies to diversify away from a 'start-stop economy'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

A Covid outbreak at Apple supplier Foxconn's factory shows the continued challenges factories face in trying to maintain operations while preventing infections.

At the end of the day, it's that uncertainty which is the biggest problem for investors.Just under a third of respondents said they were increasing investment in the country, the survey found. But that figure was down from 38% last year.

However, he noted it's difficult for Apple to find another 200,000 to 300,000 workers — as there are at the Foxconn Zhengzhou factory — to make the iPhone outside of China, except in India.JPMorgan analysts predicted that just 5% of Apple's global iPhone 14 production would move to India this year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Whatever China does, don't trust it.

Made in the USA 👊🏻

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines