According to sources for Nikkei Asian Review, multiple tech giants are planning to scale back on the number of their products being produced within China.
While China President Xi Jinping and United States President Donald Trump reached a truce at the G20 Summit last week, an economist told Fortune that this was just ‘the eye of the storm”, and that the trade dispute is “unlikely to end anytime soon.”
One supply chain executive told Nikkai Asian Review that:
“The industry consensus is to move an average of some 30% of production out of China depending on how important the US market is… Everyone needs to come up with a plan.”
Some of these companies that plan on reducing their production in China include Acer, Sony, Microsoft, Asutek, Levono, and Nintendo with the latter moving production of the Switch completely out of China.
