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Only 24% Plan to Cut China Supplier Dependence

By Drooid · · How we work

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Story summary
  • Jacob Gunter reports U.S. companies stay reluctant to cut reliance on Chinese suppliers despite rising geopolitical risks.
  • Only 24% of surveyed firms plan to reduce dependence on Chinese suppliers.
  • Roughly one-third of respondents consider building strategic stockpiles of critical raw materials.
  • Nearly one-third of firms say U.S.-China trade and technology restrictions have hurt them.