- Even Chinese manufacturers are shifting parts of their supply chains out of China to manage risks.
- That’s because manufacturers are moving to near where their customers are.
- Southeast Asia has benefited from the shift. So have Mexico and some European countries.
China has been the world’s factory for over four decades — but that could be changing soon, as even Chinese firms are moving supply chains out of the country.
While Western countries have already been doing this since 2018 after then-President Donald Trump launched a trade war against China, homegrown companies from the manufacturing giant are now following in their footsteps.
To be sure, Chinese manufacturers aren’t moving all their production out of the mainland. But a combination of…
