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...