Major Tech Companies to Diversity Supply Chains Away from China: Everstream Analytics

Major technology companies have initiated significant diversification of their supplier networks, according to Everstream Analytics' new report, "Shifting Away from China." This announcement comes as businesses seek greater visibility into their supply chains amid evolving trade policies and tariff uncertainties.

“Companies can no longer afford to operate with limited visibility into how tariffs impact their supply chains," says Ryan Elliott, chief operating officer at Everstream Analytics. "Our tariff intelligence offering transforms trade complexity into strategic advantage by providing the real-time insights and scenario planning capabilities that supply chain leaders need to make informed decisions in an uncertain trade environment."

Key takeaways:

·        The research reveals how escalating trade tensions, rising labor costs, and ongoing tariff considerations have accelerated strategic supplier diversification.

·        India, Malaysia, Thailand, Vietnam, and Taiwan have emerged as the most prominent alternative suppliers to China for the technology industry.

·        The products most affected by these diversification strategies include smartphones, smart watches, computers, and laptops.

·        Everstream's tariff intelligence offering provides organizations with critical capabilities such as identifying products with tariffed sub-tier suppliers to enable early risk detection and proactive cost management before disruptions impact operations; analyzing network risks with ongoing tariff intelligence for suppliers, locations, and commodities, supporting data-driven sourcing and supplier decisions; evaluating supplier criticality based on concentration and country risk, allowing organizations to strategically optimize contracts and diversify suppliers; and scenario planning through real-time risk integration with leading enterprise planning systems.