A decade ago, any big company without a robust China strategy was considered to be missing the boat. The two talked with dozens of CEOs, CFOs and others doing business with China and found the derisking race is moving slower than expected. In some cases, that’s because China is the only credible source of supply—think batteries or solar panels. “It’s not that I love China,” the recently retired chief of one U.S. heavy equipment manufacturer told Colvin and Charan. He’s the latest Chinese tech executive to fret about being too slow to adapt by Lionel LimThis edition of CEO Daily was curated by Nicholas Gordon.

Source: Forbes February 03, 2024 03:00 UTC