Wall Street Journal (February 17)
2025/ 02/ 18 by jd in Global News
“The new plan for western companies is ABC: ‘Anything But China.’” Many multinationals had previously tried to correct their overreliance on Chinese suppliers through a “‘China Plus 1’ strategy of augmenting China-based suppliers with those in other countries.” Rising tensions between the U.S. and China are now prompting many tech businesses to instead adopt the ABC strategy. They are “accelerating moves to shift production out of China and look for suppliers elsewhere, signifying a global tech world that is increasingly bifurcated between the two powers.”
Tags: ‘Anything But China, ABC strategy, Bifurcated, China Plus 1, Companies, Multinationals, Overreliance, Production, Suppliers, Tech, Tensions, U.S., Western
