Over 70% of European firms in China review supply chain strategies: survey

Seven out of every 10 European companies operating in China were reviewing their supply chain strategies amid geopolitical tensions and Beijing’s opaque policymaking, which appears to set back the country’s globalisation efforts, according to a new survey. A survey of 324 corporate respondents conducted by the Shanghai chapter of the European Union Chamber of Commerce found that these firms aimed to strike a balance between cost efficiency and risk diversification, while building resilience in...