India rooting for supplier diversity and nearshoring strategies as global brands shift focus - Logistics Insider

Apple's manufacturing partner Foxconn is looking to set up a base for more products in India, joining 3 other Apple manufacturing partners already in the country. Tesla is also seeking to establish its manufacturing and supply chain nodes in India, despite challenges posed by strained India-China relations. Indian officials have suggested that Tesla emulate Apple's approach to supplier diversity to address these concerns. Nearshoring has become an appealing strategy for companies, including Tesla, looking to diversify their supply chains. India aims to position itself as a favorable destination for companies seeking to fortify their supply chains.

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