India and Vietnam are emerging as Apple Inc's next manufacturing hubs as assembly partners seek to add resilience to a supply chain heavily centered on China and shaken by its geopolitical and health challenges.
Key electronics manufacturers are moving faster to diversify their capacity globally, taking advantage of local incentive policies, according to Counterpoint Research analysts Ivan Lam and Shenghao Bai. The multiyear effort, which began before Covid-19 and economically stifling lockdowns roiled China, may see leading partner Hon Hai Precision Industry Co move as much as 30% of its capacity to those Asian nations and Brazil, they said.
