EU's Three-Supplier Strategy to Curb Reliance on China

The European Union plans to mandate that companies purchase critical components from a minimum of three suppliers, a move designed to lessen the bloc's dependency on China.

This strategy, reported by the Financial Times and cited by EU officials, targets industries such as chemicals and industrial machinery.

The initiative represents a significant shift in the EU's approach to supply chain management, with likely implications across multiple key sectors.

(With inputs from agencies.)