Webinar | November 9, 2022 – Copy
Is Southeast Asia, Mexico, or Central Europe a Potential Solution?
If you’re manufacturing and/or sourcing in China, you’re probably experiencing:
- On-Site management and production delays due to China’s COVID travel restrictions.
- Tariffs and higher shipping costs exporting your components or products out of China.
- A business environment in China that’s increasingly challenging for U.S. companies.
- Increased costs of energy, materials and services.
- China labor rates have increased, on average, 8-10% per annum over the past 10 years.
We’ll present a “China Plus 1” strategy, wherein company leaders seek to diversify their China-based manufacturing & supply chain in order to minimize current profitability challenges. The Webinar will compare Southeast Asia, Central Eastern Europe, U.S. and Mexico.
The panel includes seasoned East West Associates consultants and the following two senior executives:
Andy Barnauskas, Vice President of Operations, Banner Engineering
Dave Burdakin, Executive Vice President and President of JBT AeroTech, JBT Corporation (NYSE: JBT)
Our focus is on real-life pragmatic solutions based upon your individual concerns. Accordingly, we invite your questions prior to and during the Webinar, or even later offline for a private conversation.
- What are key considerations when relocating, closing, consolidating or upgrading factories in China? (e.g., operational, financial, personnel, equipment, physical security)
- What’s the trade agreement situation for the countries under consideration?
- What are important in-country factors?
- Labor cost and availability; engineering skill sets; partnerships with local trade schools, universities
- Local component and raw material availability
- Corruption index rankings
- Employee safety
- Manufacturing infrastructure (industrial parks, developers, leased spaces)
- Global shipping complications and freight costs
- Domestic market(s) for your manufactured products
- Government incentives
- Ease of establishing business entities and permitting
- Economic trends and general business-friendly environment
East West case studies will illustrate how US companies have successfully expanded their global manufacturing and supply chain beyond China.
Watch Our Webinar and Download Slides