The news over the weekend that Apple plans to move much of its iPhone supply chain out of China is the most important signal to date that Western CEOs are wising up about business risks in the People’s Republic. Any corporate board that isn’t doing the same is doing a disservice to shareholders.
Apple hasn’t announced its investment plans. But the Journal reports that the company is telling suppliers that it will move more assembly of Apple products elsewhere in Asia, especially India and Vietnam. This will no doubt be costly given that other countries lack China’s workforce of engineers and network of suppliers.
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