Western companies are looking for a backup to China as the world’s factory floor, a strategy known as “China Plus One.” Only India has a labor force and internal market comparable in size to China.
India’s biggest gains have been in electronics; exports tripled since 2018. Apple is growing iPhone production in India, including expediting manufacturing of its most advanced model. J.P. Morgan estimates a quarter of all iPhones will be made in India by 2025. Denmark’s Vestas, one of the world’s largest wind turbine producers, built two factories in India that assemble multiple components. Some Vestas suppliers have moved to India; 85% are expected to join them eventually.
Big changes have big ramifications. You need to get it right. MOSIMTEC simulation modeling can help. How should you modify your manufacturing strategy? Should you continue to manufacture in China, move to other countries or re-shore to the U.S.? What does it mean for your production levels, capital/operating cost, supply chain, product quality, business risk and other factors? Explore options virtually to see what works, what doesn’t and the best ways to thrive with such uncertainty. MOSIMTEC data scientists/industrial engineers can help future-proof your business.
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Read more: https://www.wsj.com/articles/india-china-factory-manufacturing-24a4e3fe