GM Shifts Supply Chain Away from China
Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Wednesdays
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GMs Supply Chain Overhaul: A Shift Away from China - General Motors is restructuring its supply chain, urging suppliers to replace Chinese parts with alternatives. This move, initiated in late 2024, gained momentum due to escalating U.S.-China trade tensions. The goal is to enhance supply chain resilience, particularly for North American vehicle production. While the effort extends to other countries with U.S. trade restrictions, China is the primary focus due to its dominance in automotive parts. The transition is complex and costly, with challenges in finding alternatives for heavily China-dominated sectors like lighting and electronics.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.
