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China is ‘risky’ for supply chains and India a favored destination for U.S. firms, survey shows Of the 500 executive-level U.S. managers surveyed by market research OnePoll, 61% said they would pick India over China if both could manufacture the same materials. The survey showed that 59% of the respondents found it “somewhat risky” or “very risky” to source materials from China, compared with 39% for India. “Companies are seeing India as a long-term investment strategy as opposed to a short-term pivot to avoid tariffs,” said Samir Kapadia, CEO of India Index and managing principal at Vogel Group.  #supplychain #manager #china #india #risk #market #investment #strategy

China is ‘risky’ for supply chains and India a favored destination for U.S. firms, survey shows PUBLISHED WED, JAN 24 2024 Charmaine Jacob Of the 500 executive-level U.S. managers surveyed by market research OnePoll, 61% said they would pick India over China if both could manufacture the same materials. The survey showed that 59% of the respondents found it “somewhat risky” or “very risky” to source materials from China, compared with 39% for India. “Companies are seeing India as a long-term investment strategy as opposed to a short-term pivot to avoid tariffs,” said Samir Kapadia, CEO of India Index and managing principal at Vogel Group. 

China is ‘risky’ for supply chains and India a favored destination for U.S. firms, survey shows https://lnkd.in/gZ9zj4Py YCAPS Past Speaker Amitendu Palit's Comments for CNBC #YCAPSExpert #supplychains #india #china #US

The majority of executive-level U.S. managers surveyed by OnePoll express a preference for India over China for manufacturing, with 61% favoring India if both could produce the same materials. The survey indicates concerns about the risks associated with sourcing materials from China, with 59% of respondents finding it "somewhat risky" or "very risky." India is seen as a long-term investment strategy, rather than a short-term pivot to avoid tariffs, according to Samir Kapadia, CEO of India Index and managing principal at Vogel Group. The shift reflects a growing perception of China as a risky option for supply chains among U.S. companies.

U.S. firms are increasingly viewing China as a risky bet for their supply chains — neighbor India is set to benefit as companies look elsewhere to set shop. As many as 61% of the 500 executive-level U.S. managers surveyed by UK market research firm OnePoll said they would pick India over China if both countries could manufacture the same materials, while 56% preferred India to serve their supply chain needs within the next five years over China.

Shifting Dynamics in Global Supply Chains! 🚀 U.S. firms are turning their gaze towards India over China for their supply chain needs, defying conventional trends. Despite acknowledged risks, the allure of India's cost-competitive manufacturing, strategic location, and government initiatives is reshaping the narrative. Explore the insightful CNBC report on this transformative shift: Read More 🌏 #GlobalSupplyChain #IndiaAdvantage #BusinessNews https://lnkd.in/dA5kpNkR 

Another informative read for USA companies looking to diversify their supply chains. According to CNBC, US firms are increasingly turning to India over China for their supply chain needs, despite the risks. Check out the article to learn more. #supplychain #diversification #India #China #businessnews Nishant Verman BZAAR Rohit Thakur Dhruv Kumar

🌍 Trade Comparison: India vs. Mexico with the US 💲 Curious about how trade between the US and India stacks up against Mexico? Here’s a comparison: 1. Trade Volume: India-US trade reached approximately $149 billion in 2021, according to data from the Office of the United States Trade Representative. Key sectors driving this include information technology, pharmaceuticals, and machinery. In contrast, Mexico stands as one of the US's largest trading partners, with bilateral trade totaling around $614 billion in goods and services annually, as reported by the US Census Bureau. This trade is driven by automotive, electronics, and agricultural products. 2. Key Exports: India primarily exports gems and jewelry, pharmaceuticals, and machinery to the US, valued at $56.9 billion in 2021, based on data from the Office of the United States Trade Representative. Mexico's major exports to the US include vehicles, electrical machinery, and machinery, totaling $358 billion in the same year, according to the US Census Bureau. 3. Market Dynamics: India focuses on diversifying exports, leveraging its skilled workforce and technological advancements. Meanwhile, Mexico benefits from its proximity and trade agreements under USMCA, facilitating integrated supply chains and efficient logistics. 4. The China +1 Strategy: The US's evolving China +1 strategy encourages diversification of supply chains away from over-reliance on China, benefiting countries like India and Mexico. This strategy aims to mitigate risks and enhance resilience in global trade dynamics. Discover more insights into these dynamic trade relationships. Your thoughts on this comparison? 💬 #GlobalTrade #IndiaUS #MexicoUS #TradeComparison #EconomicGrowth

#economics #sustainability #nobelprizesummit The concept of ‘supply chain’ as we know it since 1989 is very different from how it used to be before 1989. Before 1989, despite imperialism and colonialism for much of human history, no matter the civilization, production was local and trade was global, albeit its velocity being slower and volume far less, which I call local and global #glocalization. From 1989 to now, globalization has made production global in mostly three centers of production: the West which both produced and consumed, China and India which produced largely for the West to consume, in the western hub-China/India spokes model of consumption. China and India supplied the West, hence the supply chain we know for only about 2 generations, less than a faint blip in historical time. To co-exist peacefully, humanity must return to glocalization, but without the imperialism and colonialism, for sustainable development in this new epoch of human history for many thriving local economic centers of production and consumption trading in goods, services, and culture in a regime of cultural, political, and economic self-determination but in the natural global interdependence the world has seen ever since Sumer-Egypt-Harappa 6000 years ago.