Thursday, July 22, 2021 10:19:06 AM
Apple has already stated that they need multiple suppliers for any item they purchase. So Li had to widen the eco system so that there a few different suppliers capable of supplying them. Apple is also trying to get all of their eggs out of one (Chinese) basket. So having suppliers in other countries is clearly beneficial. As our process is highly automated, it is not too expensive to have a factory here in the US. If you go back to BB's blog, you will see he noted a US supplier expected this year.
So it is just a matter of diversifying the supply chain enough to be able to have multiple suppliers for the larger firms like Apple. In my opinion, Li has accomplished this and it is just a matter of time now.
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