Adopting a China+1 Strategy in ASEAN - Diversifying Supply Chain to Minimize Risks
Webinar | May 19, 2021 | 2:00 PM EST / 11:00 AM PST
Rising on the back of increasing labor costs in China, the Sino-US trade war, and COVID-19-related supply chain and manufacturing disruptions, businesses need to rethink whether it is still adequate to rely on their current suppliers or single country sourcing strategies. International business requires business owners ensure business continuity despite these challenges, by developing alternative options, mitigating associated risks, and implementing strategies for diversification.
In this rebroadcast of our in-demand webinar, Saponti Baroowa, Business Intelligence Associate Director, will discuss why companies are increasingly moving away or planning to move operations from China. He will highlight the main strengths of five major ASEAN economies - Indonesia, Malaysia, the Philippines, Thailand, and Vietnam – that have emerged as attractive alternative production hubs for international investors. Among others, the webinar will cover:
- Why China+1;
- Optimal ASEAN Alternatives for Key Industry Sectors;
- Investor Challenges;
- Government and Political Stability; and
- Trade Policies, Labor Market and Infrastructure Quality.
For any further concerns or questions, please contact Holly McCleery.