What is China+1 Strategy?
The "China Plus One" strategy is a business model where multinational companies diversify their supply chains by manufacturing in China and at least one other country to mitigate risks associated with over-reliance on China. It is driven by geopolitical tensions, trade disputes, supply chain disruptions (like those caused by the COVID-19 pandemic), rising labor costs in China, and regulatory unpredictability.
Professors P.S. Srinivas and Frank Pieke work at East Asian Institute (EAI), the National University of Singapore.
They are undertaking a research project focusing on two issues:
1. The role of China as a supplier to and as a market for India’s manufacturing sector, and
2. The role of India as an investment destination for firms as part of their “China+1” strategies, as firms look to diversify their operations to countries other than China.
Professors Srinivas and Frank Pieke would share their insights on China+1 strategy. They would also raise relevant issues for India developing its China+1 initiatives.