Economics - International Studies of Strategic and Geopolitics

Sony, Fortune 500 companies move production out of China

2Feb

By ISSGNo Comments

Sony, Fortune 500 companies move production out of China

Due to political pressure and the need for supply chain diversification, more companies are moving production out of China and into other countries. Apple reportedly plans to move some of its production from China to India and Vietnam. Canon moved production away from China last year; Dell has announced it’s phasing out China-made computer chips by 2024, and dozens of other Fortune 500 companies are following suit. Now it’s being reported Sony Group has transferred more than 92% of its camera production from China to Thailand. According to Nikkei (soft paywall), a respected Japanese financial publication, Sony plans only to manufacture cameras sold in China in China. Cameras sold in Europe, Japan, and the United States will be made in Thailand. According to Nikkei, this decision wa...

7Jan

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Russia and Eurasia, Economics

Mutual FDI in Eurasia has been dominated by Russia, but war and sanctions make the outlook uncertain

By Ben Aris in Berlin The mutual Foreign Direct Investment (FDI) stock in the Commonwealth of Independent States (CIS) countries grew fast until Russia went into recession in 2012, when its GDP growth sank to zero. However, it started to recover after the recession ended in 2016. As of the first half of 2022 the mutual FDI was on track to slightly exceed that of 2021, but the outlook is now in doubt after the war in Ukraine began in February, according to research released by the Eurasia Development Bank (EDB) in December. The mutual FDI stock in Eurasia (CIS countries and Georgia) totalled $44.6bn by mid-2022, of which Russian investors accounted for approximately 80%. Kazakhstan imported the largest amount of investments, $10.8bn or 24.3% of the total. The mutual FDI stock in the narr...

4Jan

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Trade and International Business

Emmanuel Macron wants ‘Made in Europe’ strategy against US policies

PARIS French President Emmanuel Macron said Tuesday that he aspires to a "Made in Europe" economic strategy to counter American policies. During a joint news conference ahead of his meeting with Swedish Prime Minister Ulf Kristersson in Paris, Macron said his discussion will focus on Europe’s economic situation. "My opinion, as you know, is that we need a strategy 'Made in Europe' to give our own response to the change in the world as well as the voluntarist US policy -- which is totally legitimate," he said. He urged the need to protect the “fabric” of the European industrial network -- create jobs, increase competitiveness and clean energy production. Source: Anadolu Agency