ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Apple’s contracting relationship with Chinese manufacturing firm Foxconn.
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Starbucks Coffee Co. reshoring their mug factory to Liverpool, Ohio.
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NCR Corp, famous for making cash registers, moved the production of its ATM plant to Columbus, GA.
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Coleman Co., known for camping gear, locates new manufacturing plant in Wichita, KS.
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Detailed explanation-1: -Foxconn is Apple’s biggest iPhone maker, producing 70% of iPhone shipments globally, which in turn makes up 45% of the Taiwanese firm’s revenue, analysts at Taipei-based Fubon Research said this month. It also builds the device in India, but its Zhengzhou factory assembles the majority of its global output.
Detailed explanation-2: -Put simply there’s not enough manpower to support the manufacturing of Apple’s products. The factory in China where Apple products, specifically iPhones, undergo final assembly has approximately 230, 000 workers. In the US, there are only 83 cities that have the same population as this factory’s number of employees.
Detailed explanation-3: -One example is Apple’s relationship with the world’s biggest electronics contract manufacturer Foxconn. With almost 1.3 million employees in mainland China, Foxconn is the country’s largest private employer.
Detailed explanation-4: -Apple uses contract manufacturers to produce its devices in China. For example, Foxconn, Pegatron, and Wistron employ hundreds of thousands of workers to assemble Apple devices in China.