`The World`s Factory`: Can China sustain its Status amid the COVID-19 Turmoil?
| Case Code: ECON097 Case Length: 12 Pages Period: 1976- 2021 Pub Date: 2021 Teaching Note: Available |
Price: Rs.400 Organization : - Industry : - Countries : India Themes: Macroeconomic Environment, Economic Slowdown, Digital Disruption, Logistics & Supply Chain |
Abstract Case Intro 1 Case Intro 2 Excerpts
Introduction
“I don’t think China’s role as a major source of manufacturing is going to be eliminated. They will continue to be so, maybe at a somewhat lower level, maybe in certain industries less. There will be changes, but overall, the structure would persist,” said Morris Cohen (Cohen), professor of Operations, Information and Decisions at The Wharton School, on April 27, 2020. China emerged as the central player in global supply chains over the two decades from 2000 to 2020 as Western companies set up major operations in the Asian economic powerhouse to minimize costs and to cater to the world’s most populated country. The country accounted for almost 20% of global (gross domestic product (GDP) as of mid-2020, due to the staggering rise in foreign investments. According to a survey by a German firm, four in every five major companies relied on Chinese suppliers..
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