The dominance of China as the global manufacturing hub is undeniable. Yet, recent years have seen businesses of all sizes scrambling to rethink their over-reliance on China. The “China Plus One” strategy – diversifying sourcing and manufacturing beyond China – is gaining momentum. Factors like rising costs, supply chain disruptions, and geopolitical tensions are forcing […]
Vietnam, known for its dynamic economy and skilled labor force, has become a go-to destination for sourcing a wide range of products, especially in recent years when many companies started to implement the China Plus One strategy. In 2024, the country will continue to be the place to go for its quality manufacturing and innovative […]