(Washington News) The investigation found that American companies increasingly felt that China constituted their risks to their supply chain, which prompted companies to find a source of replacement supply, and India is expected to benefit from it.
U.S. Consumer News and Business Channel (CNBC) reported that an investigation by the British market research company Onepoll on 500 US executives shows that as many as 61%of people say that if China and India can produce the same materials, theyWill choose India instead of China.56%of respondents are more inclined to allow India to meet their supply chain needs in the next five years.
59%of interviewees believe that the "some risks" or "high risk" from Chinese procurement materials.Only 39%believe that procurement materials from India have risks.
This survey was commissioned by the Indian market platform India Index to be launched independently last December.At least a quarter of the investigation is currently not imported from China or India.
India's quality is regarded as "medium risk" Vietnamese market is not as good as India
Although the executives are more trusting in India, the survey also found that American companies are cautious about transferring the supply chain to India.55%of respondents pointed out that if they set up factories in India, how to ensure that quality is the "middle risk" they may face.In addition, they are worried about India's delivery risk (48%) and intellectual property theft (48%).
Indian Index President Kapadia believes that American companies cannot transfer the supply chain completely from China."I think China will never be excluded. Reality is that China will always be the cornerstone of the US supply chain strategy."
Similar to India, Vietnam is another choice for investors to adopt the "China Plus One" strategy.
Dana Capdia pointed out that Vietnam cannot achieve the goals that India can achieve.He explained that India, the world's most populous country, has "a huge customer group that Vietnam cannot provide."
He added: "The company's decision is not for cost arbitrage. They are to save costs and enter the market. Sports to Vietnam will not have the same benefits."
