Foxconn’s India challenge shows limitations of onshoring as a risk mitigant

Coronavirus 493 India 454 Info Tech - Comms Equip 183

Foxconn (Hon Hai) has reportedly cut production of the iPhone at a factory in India due to the impact on staff of the accelerating COVID-19 pandemic in the country. The firm has only recently started producing the iPhone in India in response to “Make in India” tariffs, with Indian imports linked to the firm having increased by 65.5% year over year in March. While primarily a human tragedy, the closure shows onshoring does not obviate risks to supply chains. The tariffs have also not prevented a more widespread surge in imports of phones and parts. Total Indian imports of such products ar...

Copyright © 2021 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.