Articles by tag: China Plus One
Freight forwarding faces a crossroads amid shifting global trade dynamics. The rise of the “China Plus One” strategy, driven by escalating geopolitical tensions and tariff pressures, forces companies to rethink supply chain resilience. According to McKinsey & Company, more than 60 percent of companies across sectors are actively redesigning their global supplier base to…
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In Effort to Abide by China Plus One Strategy, Tech Companies Have Their Sights on Vietnam for Manufacturing
Several tech companies are applying strategic moves to diversify its manufacturing operations from China to other countries, like Vietnam. This signifies a broader shift in the tech industry’s global supply chain. While Vietnam has traditionally been considered a hub for low-tech electronic manufacturing, it’s quickly becoming an option for more sophisticated production needs. This…
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India Emerges as a Powerful Contender in Global Supply Chain Diversification, But Isn’t a Panacea. Here’s What You Need to Know.
The global supply chain is currently undergoing several seismic shifts. Having now surpassed China as the most populous country in the world, India is emerging as a strategic alternative for multinational corporations considering diversification from a China-centric approach. Combining software and manufacturing prowess with competitive pricing, India now stands as a strong contender in…