Companies are relocating their China-based operations to reduce labor costs, lessen tariff exposure, protect their IP, and move closer to customers. If you’re looking at doing so as well, you’ll need to be prepared for some new challenges.
US companies are establishing or relocating to Thailand for a number of reasons, not the least is diversification from China.
US companies are establishing or relocating to Thailand for a number of reasons, not the least is diversification from China.
US companies are establishing or relocating to Thailand for a number of reasons, not the least is diversification from China.
US companies are establishing or relocating to Thailand for a number of reasons, not the least is diversification from China.
US companies are establishing or relocating to Poland for a number of reasons, not the least is diversification from China.
US companies are establishing or relocating to Vietnam for a number of reasons, not the least is diversification from China.
US companies are establishing or relocating to Thailand for a number of reasons, not the least is diversification from China.
For decades, manufacturing in China for the China market was a happy time. US multinational companies (MNC) took their tried-and-true designs there to address a huge untapped China demand.
With Covid travel restrictions just now lifting for western executives to travel to China, companies are reminded that success in China is heavily dependent on having the right personnel and ensuring the China operation has the right ethical corporate culture.