As the global geopolitical landscape becomes increasingly uncertain, volatile and complex, corporates are starting to prioritize diversification and enhancing the resilience of their existing supply chains to absorb short and long-term risks.
With the majority of manufacturing currently concentrated in the Chinese mainland, ASEAN countries have a significant role to play as they are likely to be a natural choice for many corporates opting for a diversification strategy, with physical proximity to the Chinese mainland as well as similar cost advantages and favorable demographics.
Overview of the Key Drivers in the Shift toward ASEAN Countries:
- Geographical proximity to the Chinese mainland
- Favorable factors of production
- Government initiatives and incentives
- Competitive corporate tax rates
- Extensive network of free trade agreements
- Ease of doing business
- Infrastructure boost
In this report, A&M’s Southeast Asia and Australia (SEAA) performance improvement experts investigate the key drivers in the shift in manufacturing activity towards ASEAN countries and take a deep dive into what some of these ASEAN countries are doing to bolster their competitiveness and attract investors.
Read the Full Report Here
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