It’s not very easy to switch countries just like that. You’d basically need to find another manufacturing partner, build a similar factory, and train tons of workers. If companies want to do that, they should start the initial phases of that rn. I don’t see us moving away from China until companies are incentivized to produce elsewhere or actively discouraged from doing so. I think they’ll wait until there’s an actual problem
It’s not easy. No one said it was, but it’s still happening regardless. Companies actively doing it now are trying to get ahead of the curve. Apple for instance will most likely see a reduction because there is no place like China that can produce the amount of iPhones they need, but it’s inevitable so they’re doing more regionalization tactics with Vietnam and others. I believe they’ve also been looking at Turkey as well
Most people highlight the smaller problems like the IP theft, consumer products, and their housing market…but it seems like the problems were always the same ones that some European countries are facing. It turns out aging demographics and replacement rates really are the only things that matter.