The China Plus One Strategy and the US Supply Chain Environment

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Andrew Edgecliffe-Johnson has been talking to global executives about lessons they've learned. The key one is really you can no longer depend on a single country to be your sole source of supply for any critical components, he says. He says it's going to take some time and hard effort for companies to wean themselves off of China.

Reed Hastings is stepping down as chief executive of Netflix, central bankers are making it clear to investors that they’re going to keep raising interest rates, companies are trying to find solutions to global supply chain kinks, and the FT’s Yuan Yang explains the power of collectively remembering pandemic lockdowns in China.

Mentioned in this podcast:

Netflix co-founder Reed Hastings to step down as chief executive

Central bankers pledge to ‘stay the course’ on high interest rates

Companies race to work around choke points in world trade

China’s collective memories of the pandemic deserve to be preserved

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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