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COVID-19 has impacted the technology supply chain as the pandemic rampages countries around the globe. In addition to other concerns with manufacturing in China, now businesses don’t know when or if their orders will arrive. There are still positives and negatives to outsourcing production to China. Companies need to look at all the factors and decide on the best option based on their specific products and customer base.
On February 27th, 2020, Tim Cook, Apple’s CEO, announced factories in China would finally reopen. However, their supply chain has been severely disrupted by the health issues in China, and products won’t be available as they normally would. There’s no doubt Apple’s annual profits will take a deep dive. Apple isn’t the only tech giant facing supply chain issues.
Not only is China a supplier of tech goods but also a major consumer. The pandemic in the country is certain to disrupt business on two fronts. United States tech companies are rethinking their outsourcing strategies after seeing how deeply impacted their brands might be by this latest scare. However, deciding to outsource or not isn’t an easy decision. There are many factors to consider.
U.S. Consumers May Not Buy
Some people are angry. At the root of that anger is fear over what the virus might do to the economy, to loved ones and self. Still, American customers may seek out items not made in China due to that anger and fear. Part of doing business is ensuring your customers remain happy. For some, that will mean looking for tech products made in places other than China for the time being.
Don’t Rule Out China, Though
This pandemic will pass, and China is still a vast untapped market with a ton of potential. Man… Read More
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