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News Wire / economy

German Companies Seek To Reduce Import Reliance

BR24 Germany 25d23d Impact 7
German companies are seeking to reduce their reliance on imports, particularly for components like rare earth permanent magnets. This comes as reliance on foreign supply chains, particularly from China and Myanmar, is highlighted. German companies like Siemens and SAP are considering shifting supply chains away from China to India.

Topics

supply chain manufacturing imports

Developing

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Sources · 7 independent

BR24

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