China has long been a dominant player in this complex network of global supply chains. However, rising Chinese manufacturing wages, the US-China trade war and the COVID-19 pandemic have disrupted this trend. Firms are increasingly prioritising supply chain resilience and are planning on moving out.
ASEAN appears to be an attractive relocation destination for many reasons. But will all ASEAN member states benefit equally from the supply-chain relocations? We discussed this in a recent op-ed titled “Capturing the gains of supply-chain diversification”. Link to the op-ed is in bio.
