The China Plus One strategy is a risk mitigation concept that businesses are adopting to diversify their manufacturing and sourcing strategies beyond China. The approach arose from the recognition of potential risks associated with over-reliance on a single country for manufacturing, such as supply chain disruptions, increasing labor costs, and geopolitical tensions.
Companies implementing China Plus One continue to operate in China but also establish manufacturing capabilities in alternative countries. This helps in reducing dependency on China and spreading out risks. India, with its large workforce, growing infrastructure, and supportive governm...
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