Trade war drives supply-chain shift from China to Southeast Asia
Posted On: May. 23, 2019 5:53 AM CST
Several global companies are shifting supply-chains from China to Southeast Asian countries due to the U.S.-China trade war, growing labor costs and strict environmental regulations in China, South China Morning Post reported. Several companies are starting to instead source in Vietnam, Cambodia and Thailand among other countries to cut production and tariff-related costs.