The Financial Times article explores the complex global supply chain of iPhones, detailing how components are sourced and assembled in various countries like China, India, South Korea, and Japan. It highlights how initial motivations for outsourcing to China were driven by low labor costs. However, as manufacturing processes evolved, China became an integral player due to its speed, flexibility, and high standards. This shift raises questions about reliance on Chinese manufacturing, as companies find themselves increasingly tied to this key market.
In the beginning it was about low labour costs - companies went to China because it was cheap, but they stayed in China and are now stuck with China for better, or for worse.
China is fast, flexible and world class, so it's about much more than low labour costs now.
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