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.
Looking for comments…
Searching Nostr relays. This may take a moment the first time this article is opened.
Looking for comments…
Searching Nostr relays. This may take a moment the first time this article is opened.