Moving out of the cornonavirus-hit country is highly unlikely given the scale of its established network there
On joining the company in the late 1990s, CEO Tim Cook transformed Apple’s supply chain into the efficient juggernaut that has been the longtime envy of the industry. Products are manufactured in China with the help of low-cost, but skilled, labour and shipped around the world in a matter of days.
The Californian firm brings in more than $40bn a year from Greater China, shy only of its takings from the US and Europe. This strength is also the source of Apple’s vulnerability. One recruiter, speaking on condition of anonymity, told Bloomberg News that the company was only hiring new workers from the local Zhengzhou area, tightening restrictions and eliminating the vast majority of available labour pool.
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