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Meanwhile, countries in Southeast Asia, such as Vietnam and Cambodia, are enjoying growth as offshore manufacturing centres. Through collaboration with your procurement partner, you can reduce inventory levels and then potentially downsize your warehouse capacity needs.
The alternative supply chain or “ Altasian” is defined as countries consisting of Japan, South Korea, Taiwan, India, the Philippines , Indonesia, Singapore, Malaysia, Thailand, Vietnam, Cambodia and Bangladesh.
Some of the most notable include: Steve Madden , shoe and bag retailer: Moving production to Cambodia, Brazil, Mexico, and Vietnam. US import tariffs and the desire to diversify manufacturing locations are the key drivers of the move, which will see some of the company’s production transferred to Indonesia, Vietnam, Bangladesh, and Cambodia.
Organizations continue to scour global markets for even lower labor rates, moving from Western China to the Pearl River, and now to Vietnam, Indonesia, Malaysia, Cambodia, and North Africa. Dow Chemical, for example, considers environmental concerns a critical feature of its policies and procedures.3
He began by discussing how Free Trade Agreements, along with labor costs and transportation rates, are among the three most critical elements to factor in when analyzing global supply chain decisions. It excludes Canada, USA, Mexico, Chile, and Peru. Next, our industry panel spoke on a variety of perspectives that were fascinating to hear.
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