Lenovo will further diversify its supply chain and plans to open more manufacturing facilities outside China amid global geopolitical uncertainty, Chairman Yang Yuanqing said. Lenovo, the world’s largest PC maker, has most of its plants in China, a common situation in the electronics industry that creates potential vulnerability as US president-elect Donald Trump threatens to … Read more
Elon Musk’s SpaceX asked Taiwanese suppliers to transfer manufacturing off the island, leading to some relocating portions of their supply chain, according to sources employed by and close to the equipment makers and corporate documents. A source at a company that is one of the numerous subcontractors that provide components for SpaceX’s Starlink satellite internet … Read more
US semiconductor giant Intel said it would expand its chip packaging and testing base in Chengdu, in a show of commitment to the mainland market despite a recent call by a Beijing-backed cybersecurity group to review the company’s products. In addition to enlarging packaging and testing capacity for server chips, the facility will also establish … Read more
Apple CEO Tim Cook met with the Chinese minister of commerce on Friday during his second visit to mainland China this year, as the US tech giant pledged to boost its investment in the country. Chinese Minister of Commerce Wang Wentao said in his meeting with Cook that the country “welcomes Apple to seize the … Read more
Want to make sure your fashion goods don’t get detained by U.S. Customs and Border Protection? You need visibility into what is sure to be a highly complex supply chain. Not knowing exactly what’s in your textiles or apparel — from where the raw materials were sourced to what type of labor was or wasn’t … Read more
China is reviving aspects of a Mao Zedong-era plan to relocate critical facilities away from the country’s most densely populated areas to its western hinterlands. Mao’s 1964 “Third Front Construction” initiative was motivated by Cold War fears of nuclear attack, fuelled by the deepening American involvement in Vietnam and increased hostility between China and the … Read more
The US Justice Department sent subpoenas to Nvidia and other companies as it seeks evidence that the chip maker violated antitrust laws, an escalation of its investigation into the dominant provider of AI processors. The DOJ, which had previously delivered questionnaires to companies, is now sending legally binding requests that oblige recipients to provide information, … Read more
A global IT outage caused by a glitch in Microsoft’s cloud computing services grounded thousands of flights worldwide Friday morning, disrupting the flow of air cargo and potentially throwing a wrench in freight movement across sea and land. The “big three” domestic airlines — American Airlines, Delta and United — paused their global flight schedules … Read more
Hidden in the town of Nancun in Guangzhou’s Panyu district, a labyrinth of residential buildings and small factory compounds, is Shein’s sourcing centre. At the nearby Dexing Industrial Park, walls and walkways are covered in recruitment ads for workers, who are needed to fill the flood of orders coming from Shein. One factory looking for … Read more
Shein should strengthen its supply-chain and enhance cost control to maintain long-term growth in a fast-changing retail landscape, according to experts from Bain & Co and Kantar Worldpanel. Constant innovations to the Chinese-founded online fast-fashion marketplace’s business model and products will be effective in keeping potential rivals at bay, as the company rises to global … Read more
