How China Plus One Diversifies Supply Chain Risk

Trade wars, tariffs and geopolitical concerns have spurred global electronics manufacturers to reassess their strategies regarding China. But rather than abandon the nation entirely, China Plus One is taking hold as a way to diversify supply chain risks. “Trade dynamics with China have changed,” said Vipul Kumar, manager, procurement and supply chain intelligence for business…

Foxconn ‘Bank’: A New Twist in Supply Chain Financing

Foxconn Technology Co. Ltd is giving a new meaning to the term “full-service-provider.” It is a contract manufacturer, a supplier of a wide range of parts and services to electronics OEMs and, since last year, a provider of critical financing support to suppliers. By setting up a business unit to fund suppliers, Foxconn has cracked…