As an incumbent and major force within the supply chain and manufacturing industry, China has witnessed rapid change in growth as a result of its governmental push to boost its economy. As a result, the country has in recent times experienced a rise in the middle-income class, and inevitably, rising labor costs.
In the wake of the recent U.S.-China tariff war, there has inevitably been supply-chain disruptions and significant challenges within the manufacturing industry, leading companies to increasingly explore options to diversify their value chain and find ways to minimize the cost of bringing products to market.
The tariff war increasingly puts products made in China at a pricing disadvantage for many U.S. firms. Therefore, many have made the move or are now looking to establish or transfer operations elsewhere, whilst others simply want to spread their supply chain risk across geographies.
In a new thought piece, A&M leaders How Jit Lim and Calvin Ling explore opportunities and resources needed in countries of Southeast Asia for multinational manufacturers navigating on the ground capabilities that can add to an organization’s value chain.
Download our article Focus on Southeast Asia: Cultural Nuances Factor Into Supply-Chain Success
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