Korea emerges as one of alternative backup manufacturing sites in the American market

Createdd 2022-11-11 Hit 15

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Chicago-headquartered US firm Kearney released its “2021 Reshoring Index” that identified the need to explore a backup manufacturing site amid Chinese government’s zero-covid policy. Along with Vietnam, Thailand, Mexico, and India, South Korea are among “prime candidates” for a so-called China plus one strategy to diversify manufacturing. Click the news below for more information:

 

https://www.scmp.com/economy/global-economy/article/3198860/us-firms-increasingly-eyeing-manufacturing-backups-chinas-zero-covid-policy-accelerates-reshoring