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What is the primary objective of the China Plus One strategy in global manufacturing?
  • a)
    To solely rely on China for manufacturing operations
  • b)
    To diversify manufacturing and supply chains beyond China
  • c)
    To establish manufacturing hubs only in developed countries
  • d)
    To reduce manufacturing costs in China
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the primary objective of the China Plus One strategy in globa...
The China Plus One strategy aims to diversify manufacturing and supply chains by establishing operations in countries other than China. This approach helps mitigate risks associated with over-reliance on a single country and addresses concerns related to geopolitical tensions and supply chain disruptions.
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What is the primary objective of the China Plus One strategy in global manufacturing?a)To solely rely on China for manufacturing operationsb)To diversify manufacturing and supply chains beyond Chinac)To establish manufacturing hubs only in developed countriesd)To reduce manufacturing costs in ChinaCorrect answer is option 'B'. Can you explain this answer?
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