February 19, 2020, Owens Huang, senior research analyst, was recently quoted in Forbes discussing how companies’ decision to move their supply operations out of China might be accelerated by the coronavirus. “We have already seen quite a lot of manufacturing in China relocating new capacity to Taiwan, Vietnam and some Japanese companies went back to Japan. Most of the manufacturing in the textiles space, something close to 20% of the tech supply chain, has already moved out of China. It all depends on the company. If they have huge U.S. revenue exposure they have already relocated some of U.S. revenue capacity out of China. And now this. The coronavirus will accelerate interest to get out of there,” he says.
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