China strengthens its leading position as the most attractive manufacturing hub globally; Thailand sees improvement in cost profile.
Asia Pacific’s largest manufacturing centres have rebounded strongly as economies across the globe have reopened and driven demand for key products, according to Cushman & Wakefield’s 2021 Global Manufacturing Risk Index, which assesses the most advantageous locations for global manufacturing among 47 countries in Europe, the Americas and Asia Pacific.
Dr. Dominic Brown, Head of Insight & Analysis, Asia Pacific at Cushman & Wakefield, said, “As the virus is brought under control, manufacturing centres have surged. China has been able to fill the void left by US and European manufacturers, who were enduring their own lockdowns, to capture a larger share of global exports, from approximately 13%…
