Fang DongxuFeature China/Future Publishing/Getty ImagesJapanese carmaker Mazda used to champion the production of car parts in China — but it has pivoted from that position.
In August, Mazda said it would ask its parts suppliers to manufacture components outside China while boosting stockpiles in Japan,The move was made after China's COVID-19 lockdowns rocked supply chain and production timelines, but prices are the real driving reason behind the move. "It is no longer an era where cost is the major driving factor," Masahiro Moro, a senior managing executive officer at Mazda, told Financial Times in December."Right now, robustness of our supply chain also needs to be considered to ensure the stable procurement of parts."
"As we continue to do business globally, we must manage the current changes based on the recognition that we are no longer in the era of globalisation as we were in the past," said Moro, per Reuters.Subscribe to push notifications