On January 4th, 2023 Term Sheet, a well-known financial newsletter by Fortune (typically regarding PE/VC) posted a series of predictions regarding the calendar year 2023.
One of these predictions was the following:
“U.S. businesses that are heavily dependent on supply chains and manufacturing in China will move some of their operations and supply lines to other Asian countries, including India and Vietnam.” —Jonathan Rouner, vice chairman and head of international M&A, Nomura
I will not attempt to initially define all resolution criteria in this market and will instead attempt to handle any nuances/complications/data feasibility as it arises. If by end of 2023 I think it is not possible to confidently resolve this market in the spirit in which it was intended, I reserve the right to resolve as "n/a".
Any clarifications to the resolution criteria will be listed below, along with the applicable date:
[TBU]
🏅 Top traders
| # | Name | Total profit |
|---|---|---|
| 1 | Ṁ205 | |
| 2 | Ṁ50 | |
| 3 | Ṁ40 | |
| 4 | Ṁ18 | |
| 5 | Ṁ17 |
Apple shifted factories from China to Vietnam this year
https://qz.com/apple-vietnam-china-foxconn-1850119649
I'd wager more, if not for vague resolution criteria, since the multi-$B company I work for started to do this last year (10% of imports shifted out in 2022) and goal for this year is another 20%. This is coming from Board of Directors specifically because of geopolitical risk, and I have heard much similar chatter at other US companies.