INSUBCONTINENT EXCLUSIVE:
of Coronavirus, the Japanese government is releasing 220b yen direct loans to support manufacturers to move back to Japan from China and
followed by the US with $2.3tr, Japan with $1tr, Germany with $806b, South Korea with $459b, India with $412b, Italy with $314b, France
$270b, the UK with $253b, Indonesia with 207b and Russia with $204b.Flora Tang, research analyst at Hong Kong-based Counterpoint Research,
told TheIndianSubcontinent Middle East, said that relationships between countries are complexed for sure and personal blames on China by
under the gloomy economic outlook during the Covid-19 crisis
said.Moreover, she said that the US government has encouraged companies to move production outside of China since 2018 and 2019, yet Tesla
centre, including labour and operation costs, local manufacturing efficiency, cross-border tariffs, distance/transportation to their
factories might go back to Japan or move to Taiwan while India, South East Asia, Brazil and Mexico can be the lucrative options for setting
up of new assembly lines, depending on where the end markets are located.Recent reports said that more Korean companies are pulling out of
global markets.Tang said that diversification of manufacturing lines to spread risks and maximise profitability is what companies are always
due to shutdown of factories, as well as weakened market demands, during the period of lockdown in China, India, US, Europe, SEA (Malaysia
We have adjusted down the year-on-year growth for 2020 global smartphone shipments by about 7% in early March, and we will continue to
will move outside of China post the Covid-19 crisis, Tang thinks that there are lots of uncertainties given the current situation and
So far, East Asian countries and regions including South Korea, Taiwan and mainland China are controlling the spread of the pandemic well,
possibility exists, companies must be more prudent in decision making
What if next time a similar virus outbreaks in an emerging country? Can the government there control it as efficiently as the Chinese
government? What damages will the crisis bring to my business, if local governments fail to handle it well? These are some of the questions
One thing that I anticipate is a slowing globalisation progress post the crisis, and countries will try to move manufacturing lines back
