The process of closing China operations can threaten a company’s ability to properly serve its customers. If the plan is not carefully thought-through and not properly implemented, a plant closure can stress a company’s operational stability, strain supplier relationships, and risk one’s brand reputation around the world.
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.
In an era where the global manufacturing landscape is rapidly evolving, automotive suppliers with operations in China face unique challenges and opportunities.
Many U.S. companies are relocating manufacturing and sourcing to Thailand. Senior operational executives who’ve lived in Thailand, and Thailand Board of Investment
What are the best Corrective Actions and How can we address on-going risk?
U.S. companies with China manufacturing or sourcing are diversifying beyond China. Thailand is becoming the country of choice for many of them.
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.