CURRENT AFFAIRS

Detailed explanation-1: -China’s COVID-19 policies are pushing companies to diversify supply chains away from the country. They had already begun moving out over geopolitical tensions and tariffs from the Trump era. India, Vietnam, Thailand, Malaysia, and Bangladesh are stepping up to replace the world’s factory.

Detailed explanation-2: -announced in 2019 that it would close down their business in China by the 18 July 2019 to focus on cross-border selling to Chinese consumers. Amazon China faced tough competition as the rivals like Alibaba started to gain more popularity. They struggled for many years to gain traction and eventually stopped growing.

Detailed explanation-3: -Apple has begun moving manufacturing from China to Vietnam, where its AirPods Pro 2 are now likely to be produced. Two years ago, Samsung moved its Chinese manufacturing to Vietnam. Hasbro has moved its Chinese production to India and Vietnam.

Detailed explanation-4: -Microsoft said it would shut down LinkedIn due to a “significantly more challenging operating environment and greater compliance requirements in China.” Instead, Microsoft will launch a job search site in China that doesn’t have LinkedIn’s social media features.