The pandemic has exposed how volatile supply chains can be and how risky it is to depend on a single supply chain. India is offering land to foreign investors who wish to reduce their reliance on China.
QUAD allies Australia, Japan and India have come together to establish a supply chain resilience initiative (SCRI). They’ve struck a Supply Chain Pact with a mission to challenge China’s dominance as an exporter hub.
Many companies have started shifting their base from China to India with the outbreak of the US-China trade war.