Globally, Apple added 18 new suppliers while cutting 19, resulting in a small adjustment in its supply chain, but one that has made India a clear winner. The number of Apple production sites in the country increased to 14 last year compared with 11 in 2021, signalling the iPhone maker’s accelerated expansion in the country. It also opened its first two retail outlets in India this year.
Apple’s latest supplier list, which was published last week, accounts for 98 per cent of the company’s direct spending on materials, manufacturing and assembly worldwide. The tech giant’s supply chain is closely watched, as changes are seen as a sign of China’s shifting role in global manufacturing.
The bulk of Apple’s manufacturing remains in China, where 151 of its top 188 disclosed suppliers have facilities, compared with 150 in 2021. However, rising labour costs combined with geopolitical tensions with the US and three years of Covid restrictions that just ended this year have pushed foreign businesses to relocate more production to other countries in the region, particularly India and Vietnam.
