Samsung spent years diversifying smartphone production outside China. Then coronavirus hit.
When the novel coronavirus ripped through China earlier this year, Samsung Electronics Co. executives could take solace in a multiyear bet that diversified its smartphone production into Vietnam and India, insulating it somewhat as the world’s supply chain wheezed.
But as the coronavirus took on the proportions of a global pandemic—shuttering schools, businesses and gatherings from South Korea to North America to Europe—the value of that strategy eroded, forcing a re-evaluation of how much diversification can shield businesses...
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