Southeast Asia attracts firms diversifying supply chains amid U.S.-China tensions.
Amid U.S.-China tensions, Southeast Asia emerges as a top choice for firms diversifying supply chains, benefiting from the "China Plus One" strategy. Companies, including Chinese firms, are expanding manufacturing operations into countries such as Vietnam and Indonesia to reduce reliance on China's market or supply chain. Southeast Asia is well-positioned to benefit significantly from this diversification trend.
June 24, 2024
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