US products which are manufactured in China are highly affected. The United States and China recently are having clashes that have led to a trade war. If the issues are not resolved, the war may continue for a long time. GoPro, one of the leading tech company of US has announced to disrupt their contract with China by the Summers of 2019. GoPro’s most of the manufacturing once held in China will now be shrunk to none. But yet it won’t affect the production of other camera companies.
This announcement was not a shock for the viewers. The Chief Executive Officer, Nick Woodman already left a hint on an interview at CNN. A few months back, in August he said that it would be healthier for the company to work on lower costs’ manufacturing areas other than China.
In the present time, GoPro chief financial officer Brian McGee said “Today’s geopolitical environment requires agility, and we’re proactively addressing tariff concerns by moving most of our U.S.-bound camera production out of China. We believe this diversified approach to production can benefit our business regardless of tariff implications.”
WHAT WILL BE THE NEXT STOP?
The time by when this entire manufacturing setup will be demolished is due in the next few months. And maybe because of that GoPro has not officially disclosed their future plans regarding their next manufacturing plant. But according to reports, doubts are that Taiwan, Thailand, and Vietnam can be one, based on the preference of other tech-related companies’ manufacturing plants.
GoPro will definitely work on incentifying their production. Their market share is now expanding in the regions of Japan, South Korea, and other Asian Pacific Region. But the exact new location is still a doubt.