Shifting supply chains from China to Southeast Asia is hard but necessary, Economy


Source: thinkchina.sg thinkchina.sg

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When the latest Apple headphones are no longer marked "Assembled in China", and are instead "Assembled in Vietnam", is it a sign that the hub for global manufacturing has shifted from China to Southeast Asia? The effects of the China-US trade war and the Covid-19 pandemic have been profoundly felt by manufacturers globally, pushing businesses to roll out their "China + 1" strategy, which involves diversifying their supply chain or business operations beyond China to mitigate risks. Yet while the "+1" strategy may seem sound, supply chain planning is not a simple arithmetic equation but a complex issue fraught with...