EWA Roundtable With Two Senior Executives in Vietnam and Thailand

Companies are increasingly diversifying their Operations and Supply Chain from China to improve future operational stability.

C-level executives are taking diversification actions because of current economic and geopolitical challenges in China, including COVID lockdowns, China/Taiwan/U.S. tension, US/China tariffs, rising Chinese labor and logistical costs, dependable transport to customer base, and an increasingly bureaucratic regulatory environment in China.

Why are companies considering Vietnam or Thailand?

Decision factors include:

• Continue to serve their customer bases in China and growing Southeast Asia
• Facilitate the export of products to customers in Europe and the U.S.
• Take advantage of favorable trade agreements to avoid China/U.S. tariffs
• Guarantee an available supply of raw material and component products

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