
Breakout Nations: Ruchir Sharma
The Geopolitics of Business
00:00
Diversification Over Dependence on China
Business leaders are undergoing a significant shift in their perceptions of opportunities in global markets, particularly regarding China. Moving away from a strong focus on China strategies, there is now a concerted effort to reduce reliance on China by exploring alternative countries for outsourcing and manufacturing. Nations such as Mexico, India, and Indonesia are becoming more favorable options for establishing new operations. This approach is seen as a means of de-risking rather than completely decoupling from China, as many companies find their existing commitments in China too substantial to sever entirely. The overarching trend highlights a proactive strategy to diversify and minimize risks in supply chains and consumer markets.
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