EU Urges Companies to Cut Reliance on China-Dominated Supply Chains

'Too few businesses in Europe integrate the geopolitical risk of supply chain risk into their thinking,' an EU official said at a council press conference.
EU Urges Companies to Cut Reliance on China-Dominated Supply Chains

EU Urges Companies to Cut Reliance on China-Dominated Supply Chains The European Union’s industry chief has urged companies to accelerate efforts to diversify their supply chains away from China. This call comes after a meeting of EU trade ministers in Brussels focused on economic security and supply chain disruptions. The official emphasized that businesses should not rely on a single country for all critical inputs, noting that too few companies integrate geopolitical risks into their strategies.

  • EU industry chief Stéphane Séjourné advised companies to reduce reliance on China-dominated supply chains.
  • The warning was issued following a meeting of EU trade ministers in Brussels.
  • The meeting focused on economic security, global supply-chain disruption, and diversification.
  • Séjourné stated that companies should avoid depending on one country for all critical inputs.
  • He observed that few European businesses incorporate geopolitical supply chain risks into their strategic thinking.

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