China Plus One
China Plus One, also known simply as Plus One or C+1, is the
Corporate C+1 strategies
The increasing cost of doing business in China has also increased operating costs, especially for manufacturers.
Multinational corporations have been looking at countries with adequately stable governments such as India, Vietnam, Indonesia, Malaysia, Thailand, Philippines and Bangladesh .[13] Countries like Japan and United States are part of the phenomenon, with the strategy conceptualizing in businesses in these countries as early as 2008.[8] However the China Plus One strategy has its own share of difficulties, including navigating new laws, new markets, and streamlining the business over multiple locations.[14] Some say that moving out of China now is not even practical.[15] The China Plus One strategy does give China its own benefits. China is able to maintain low-end manufacturing while also growing higher-value sectors. China Plus One strategy did not reduce the number of manufacturers, nor jobs in manufacturing. It does, however, reduce the number of growth, giving other economies a chance to flourish.[16]
Following the COVID-19 pandemic, numerous Indian companies have adopted strategy to find alternative supply chains.[17] India's largest air conditioner manufacturer Voltas has started production of motors in India to reduce its reliance on China; Indian auto component manufacturers[who?] are also building the base to shift out of China, changing reliance to local vendors for some components; the same is the case for pharma companies[who?].[17]
See also
- Friendshoring
- Belt and road
References
- ^ "As worlds fastest-growing economy at 5.8%, India bright spot: UN economist". Business Standard. 2023-01-26. Retrieved 2023-01-28.
- ^ "world bank: India seen fastest growing among 7 largest emerging & developing economies: World Bank - The Economic Times". m.economictimes.com. Retrieved 2023-01-28.
- ^ "India Big Beneficiary As Companies Move Towards "China Plus One" Strategy". NDTV.com. Retrieved 2023-01-28.
- ^ "Latest News". Business Standard India. Retrieved 2023-01-28.
- ^ "Vietnam: a promising option in light of the "China plus one" Strategy". Source of Asia. 2022-07-29. Retrieved 2023-01-28.
- ^ Witchel, Start. "China Plus One" (PDF). Fti Journal. Philipa Symington.
- ISBN 978-1-118-05094-1.
- ^ ISBN 978-1-317-31141-6.
- ^ "How to Implement a "China Plus One" Strategy | Asia Briefing Events". www.asiabriefing.com. Retrieved 2020-05-26.
- ^ "Should India be Your China Plus One?". India Briefing News. 2019-06-07. Retrieved 2020-05-26.
- ^ Witchell, Stuart. "China Plus One" (PDF). FTI Journal.
- ^ Enderwick, Peter. "A "China Plus One" Strategy: The Best of Both Worlds?". IOS Press. Auckland University of Technology.
- ^ "China Plus One: Asia offers much more than just China". BCCJ Acumen. 2011-05-16. Retrieved 2020-05-26.
- ^ "The China plus One Strategy in Vietnam – Latest Issue of Vietnam Briefing Magazine". Vietnam Briefing News. 2018-12-05. Retrieved 2020-05-26.
- ^ "China Plus One in Practice". Fiducia Management Consultants. 2019-06-05. Retrieved 2020-05-26.
- ^ Nellan, Amrietha. "The China Plus One Strategy: A Signal Of The Next Steps Of China's Economic Development" (PDF). The University of Arizona.
- ^ a b Shyam, Ashutosh (2020-04-30). "India Inc wants the sum of its parts to be 'China Plus One'". The Economic Times. Retrieved 2020-05-26.
- Vietnam. Dezan Shira & Associatd Kuwaitwaitwait(subscription required)
- Shruti Srivastava (13 April 2020). India to Boost Drug Ingredient Output to Pare China Reliance. Bloomberg. (subscription required)