I wonder if this will be the start of an Exodus of manufacturing away from China. Corporations are constantly under scrutiny with their brand messaging and signaling with respect to various conflicts involving China, Hong Kong and the unrest within the United States.
India on the other hand, is a Democratic republic, might help alleviate some issues.
If India plays its cards right, they may pave the way for a manufacturing revolution for their 1+ billion people. For better or worse, only time will tell.
Apple supplier Foxconn to invest $1B in India, sources say
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Re: Apple supplier Foxconn to invest $1B in India, sources say
#12> With India’s labour cheaper compared with China, and the gradual expansion of its supplier base here, Apple will be able to use the country as an export hub
While there are negatives, I appreciate how globalization of manufacturing helps lift poorer economies (albeit it slowly and not always agreeing with the politics of the newly-built middle classes). One might expect manufacturing in mid-Africa in two decades.
Re: Apple supplier Foxconn to invest $1B in India, sources say
#13If I were anyone relying on China right now I would diversify to other countries as fast as possible. Everyone should ask: what if I get cut off tomorrow? And have a strategy for that.
A lot of CXOs are waiting for the Biden win and hoping for storm to pass so to speak.
The good old time when businesses could enjoy hundreds of millions of cheap, educated workers won't likely be back; the political stance against CCP is bipartisan while China is seriously turning back to more planned, protective economy. Probably investing into South/Southeast Asia would be a more reasonable option for those CXO, rather than expecting Biden to solve all the structural issues lies between the West and China.
Re: Apple supplier Foxconn to invest $1B in India, sources say
#14I wonder if this will be the start of an Exodus of manufacturing away from China. Corporations are constantly under scrutiny with their brand messaging and signaling with respect to various conflicts involving China, Hong Kong and the unrest within the United States. India on the other hand, is a Democratic republic, might help alleviate some issues. If India plays its cards right, they may pave the way for a manufac…
I think this will depend on how much of an ally they are in the future.
If they are seen as an economic threat, like Japan in the 80s, the media will probably start to report more on the atrocities committed in Kashmir along with the new Citizenship Law that appears to target or disadvantaged Muslims.
Vietnam might he another alternative, but they are also a communist country, so the optics might not be better than China.
Re: Apple supplier Foxconn to invest $1B in India, sources say
#15If I were anyone relying on China right now I would diversify to other countries as fast as possible. Everyone should ask: what if I get cut off tomorrow? And have a strategy for that.
A lot of CXOs are waiting for the Biden win and hoping for storm to pass so to speak.
Biden just release his Build Back Better plan and it basically puts defence against Chinese espionage and predatory economic practices as a centerpiece.
Re: Apple supplier Foxconn to invest $1B in India, sources say
#16> With India’s labour cheaper compared with China, and the gradual expansion of its supplier base here, Apple will be able to use the country as an export hub While there are negatives, I appreciate how globalization of manufacturing helps lift poorer economies (albeit it slowly and not always agreeing with the politics of the newly-built middle classes). One might expect manufacturing in mid-Africa in two decades.
> I appreciate how globalization of manufacturing helps lift poorer economies
I really think we have to move to a Commons-based peer production paradigm. Ask yourself, would I want to work for Foxconn assembling $1k iPhones for meager pay? [1] And I am not asking you from a hypothetical standpoint where you pretend to be an Indian in the context of the country India. My question is: would you accept a job starting work at Foxconn today, in the place where you are living?
If not, why not?
I believe the Precariat revolt is imminent.
[1] https://www.theguardian.com/technology/2017/jun/18/foxconn-l...
Re: Apple supplier Foxconn to invest $1B in India, sources say
#17Foxconn is getting ahead of the curve here. They know its going to happen and so its better they do it and keep the client than letting others get in to the game.
Indian consulting companies use the same strategy. They have offices all over the world and actively go to places where the wages are low and set up shop themselves.
Re: Apple supplier Foxconn to invest $1B in India, sources say
#18If I were anyone relying on China right now I would diversify to other countries as fast as possible. Everyone should ask: what if I get cut off tomorrow? And have a strategy for that.
A lot of CXOs are waiting for the Biden win and hoping for storm to pass so to speak.
I wouldn't know why, everyone if agreeing on acting against China, since HK
Re: Apple supplier Foxconn to invest $1B in India, sources say
#19> With India’s labour cheaper compared with China, and the gradual expansion of its supplier base here, Apple will be able to use the country as an export hub While there are negatives, I appreciate how globalization of manufacturing helps lift poorer economies (albeit it slowly and not always agreeing with the politics of the newly-built middle classes). One might expect manufacturing in mid-Africa in two decades.
> While there are negatives, I appreciate how globalization of manufacturing helps lift poorer economies
Let's be real about those negatives.
It seems as though it's always just the next country in line taking it's turn to provide subsistence-wage labor. The likes of Steve Pinker may argue that living standards continue to trend upwards across the board, but it seems like people are just becoming more and more time-poor (happy to be proven wrong on this point).
If we follow this pattern, once every country has lifted itself up by the bootstraps, the end-game would not be some poorer nations providing the subsistence-wage labor, but the poor population of each country providing subsistence-wage labor. Their living standards might be much higher, but they will pay in hours, or having to give up freedoms, like living on-site at Foxxcon. Why? Because those holding power have the upper hand, and would hardly be motivated to cede their power. Replace power with capital if you want. The only possible countervailing force being collective action, say in the force of democratic institutions, and a socially-minded polity.
But eventually, automation will outcompete everyone... at this point we're then forced to resort to either welfare or artificial means of population control. It seems more humane to consider policy on population and welfare sooner rather than later, but that's just my humblest of opinions.
EDIT: Cowards who downvoted me, might you refute any of my points?
Re: Apple supplier Foxconn to invest $1B in India, sources say
#20> With India’s labour cheaper compared with China, and the gradual expansion of its supplier base here, Apple will be able to use the country as an export hub While there are negatives, I appreciate how globalization of manufacturing helps lift poorer economies (albeit it slowly and not always agreeing with the politics of the newly-built middle classes). One might expect manufacturing in mid-Africa in two decades.
Actually I think, the most ideal countries to expand manufacturing to are African countries, they have some of the same advantages once china had.
1. Mineral Resources. 2. Cheap Labour. 3. High Density of Lanthanide and Actinide group minerals.
China also has a fourth advantage which is a good mix of Production, Manufacturing and Electronics Engineers. Which Africa doesn't have. On the other hand India doesn't have the raw mineral resources required to do long term manufacturing. For instance India doesn't have the ideal coal quality to produce steel, India imports 90% of its Anthracite from Australia.
So the ideal situation in my view would be to setup manufacturing hub in African countries. Hire Chinese/Indian/American/Russian manufacturing Engineers and the rich mineral resources in African countries. This would fuel the growth of the world for next few decades. Though one thing to notice African countries may or may not have the rare earth metals but the probability if explored is quite high.