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’seconomicandindustrialpolicychallengesMEMBERNEWSP.32HighlightsoftheAmChamShanghai2019PiratesBallJoinourWeChat:TheJournaloftheAmericanChamberofCommerceinShanghai-InsightMay/June2019INSIGHTTENSIONSTARIFFSCOSTSRETHINKINGSUPPLYCHAINSCHINAOPPORTUNITYMay/June20193FEATURESamchamshanghaiPresidentKergibbsVPofAdministration&FinancehelenrenVPofOperationsshilPibisWasDirectorsCommitteesJessicaWuCommunications&PublicationsianDriscollGovernmentRelations&CSRVeomayouryTiTibaccamTrade&InvestmentCenterleonTunginsighTEditorDougsTrubContentManagerJuliuszmosoniDesigngabrielecorDioliPrintingsnaPPrinTing,inc.insighTsPonsorshiP(86-21)6279-7119storyideas,questionsorcommentsoninsight:[e-mail]publicationforthemembersofTheamericanchamberofcommerceinshanghai.editorialcontentandsponsors'announcementsareindependentanddonotnecessarilyreflecttheviewsofthegovernors,officers,membersorstaffofthechamber.nopartofthispublicationmaybereproducedwithoutwrittenconsentofthecopyrightholder.shanghaicentre,suite5681376nanjingWestroadshanghai,200040chinatel:(86-21)6279-7119fax:[phone]’scirclesponsorsINSIGHTTheJournaloftheAmericanChamberofCommerceinShanghai-May/June2019FEATURESMNCSupplyChainRedeploymentUndertheShadowofTradeWarPwClooksathowcompaniesareadjustingsupplychainsinaneraoftariffsFourForcesShapingChangeinChina’sFoodSupplyChainIGDonfourtrendsimpactingfoodandgrocerysupplychainsin2019andbeyondMitigatingtheRisksofSupplyChainDisruptioninChinaTherulesofthegamehavechanged.Areyoudoingenoughtoprotectyourcompany?MovingOutoftheMiddleKingdom:Manufacturing’sASEANMigrationTractusAsialooksatASEANsupplychainalternativesOntheFrontLinesoftheShiftQ&AwithDanKrassensteinonhisexperiencewithAsiansupplychainshiftsOutsidetheBoxWithFedEx’sEddyChanonmanagingalogisticscompanyPOLICYPERSPECTIVESRedFlagsontheHorizonGeorgeMagnusanswersquestionsonChina’seconomyandindustrialpolicyChina’sInnovationPolicyandtheQuestforSemiconductorAutonomyQ&AwithDieterErnstoftheCentreforInternationalGovernanceInnovationChinaandtheMiddle-IncomeTrapCanChinaescapethemiddle-incometrap?212528MEMBERNEWSBoardofGovernorsBriefingNotesfromtheMarchandAprilboardmeetingsAmChamShanghai’s2019PiratesBallHighlightsfromthisyear’scharityballEventReportRecapofselectedeventsfromthepasttwomonthsMonthinPicturesSelectedphotosfromthepasttwomonths’AmChameventsWeeklyBriefingBits&BobsIrreverenttakesonthenews3132343638050911141719’sfactorybydevelopingcriticalmanufactur-ingcapabilitiesandfirst-classinfrastructureforglobalsupplychains.Asaresult,MNCsrelyonChinaformanufacturingrangingfromiPhonestoaircraftengines.“MadeinChina”hasbecomeaubiquitouslabelnotonlyforconsumerproductsbutalsoforindustrialproductssoldaroundtheworld.FollowingthepunitivetariffsimposedbytheU.S.andChinaasaresultoflong-standingdisagreementsinthebilateraltraderelationship,someMNCsarereeval-uatingtheirsupplychainstodetermineiftheyshoulddevelopanalternativetocurrentstrategiesthatrelytooheavilyonChina.Chinahasseensignificantincreasesinlaborandothercostsoverthepastfewyears.Itscompetitiveadvantageinlow-costlaborisdisappearing.SomeMNCsthatrelyonlabor-intensivemanufacturingsuchasshoesorgarmentmanufacturinghaveal-readymovedtheirfactoriestomoreafford-ablecountriessuchasthoseinSoutheastAsiaandSouthAsia.However,forMNCsthatrequireanecosystemofefficientandinnovativesupplierswithskilledlaborandmoderninfrastructure,movingtheirsupplychainsawayfromChinaisnoeasydecision.TakeAppleasanexample.WhileAppleproductsaremostlydevelopedinCalifor-nia,thecompanyreliesonanecosystemofglobalsuppliersthatprovidestellarproductsandserviceswithintighttimeframesatacostthatrepresentsthebestpossiblevaluetoitscustomers.Overtheyears,ChinahasbecomethemostcriticalsourceofsuppliersforAppleproductssuchasiMac,iPadandiPhone.Infact,outofApple’stop800suppliersaroundtheworld,380arelocatedinmainlandChina,including29ownedandoperatedbyFoxconn.HeadquarteredinTaiwan,FoxconnTech-nologyGroupisamajorelectronicscontractmanufacturingcompanyforApple.Since2001,Foxconnhasbuilt29factoriesinmain-landChinatomakeAppleproducts,amongothers.ThebulkofApple’siPhoneline,forinstance,ismadebyFoxconninmainlandChina.Foxconn’sfirstmainlandfactorywasinShenzhen.Withnearlyhalfamillionem-ployees,itcreatedanentirecitycalledFox-connCity.AsanOEM,Foxconncombinesmanufacturingefficiencywithinnovation.Itisabletomakehigh-qualityAppleproductswithrelativelylowcostsandthinmargins.That’swhyApplesuppliersinmainl