USA

Some American companies are seeking to cut their reliance on China as coronavirus outbreak disrupts production, crimps revenue

  • Revenue in China will fall in 2020 if the coronavirus continues to disrupt work through April, said half of the respondents in AmCham China’s survey
  • Some US companies are shifting out of China, with 28 per cent polled saying they are setting up, or using alternative supply chains, according to a separate survey by AmCham Singapore

https://www.scmp.com/business/companies/article/3052674/some-american-companies-are-seeking-cut-their-reliance-china

Companies must move supply chains further from China

Virus shows Southeast Asian factories too dependent on imported production inputs

Trade war and coronavirus show retail supply chains are too dependent on China, ex-Macy’s CEO says

https://www.cnbc.com/2020/02/26/trade-war-coronavirus-show-retail-too-reliant-on-china-ex-macys-ceo.html

Counterfeit goods from China are crushing American small businesses – and they’re calling on Trump to fight back

Companies That Got Out of China Before Coronavirus Are Still Tangled in Its Supply Chains

https://www.wsj.com/articles/companies-that-got-out-of-china-before-coronavirus-are-still-tangled-in-its-supply-chains-11583686996

Josh Hawley Announces Bill to Reduce U.S. Reliance on Chinese Medical Supply Chain

https://www.nationalreview.com/news/josh-hawley-announces-bill-to-reduce-u-s-reliance-on-chinese-medical-supply-chain/

Categories: USA

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