The EU is in the process of developing a plan to mandate that European companies source key components from at least three suppliers in order to reduce the risk of over-reliance on China.
On May 18, 2569, at 11.24:3 AM, Reuters, citing the Financial Times, reported that the European Union (EU) is developing a plan to require European companies to purchase key components from at least three suppliers in order to diversify risk and reduce dependence on China in the supply chain.
The report, citing two European Union officials familiar with the plan, states that the new rules will affect companies in certain key industries, such as the chemical and industrial machinery industries.
These measures reflect the EU's efforts to strengthen supply chain security amid geopolitical tensions and concerns about over-reliance on China for goods and raw materials crucial to the European economy.
Reference: www.reuters.com
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