Friendshoring to Southeast Asia - Apr 2024
Multinational companies are considering shifting their operations to Southeast Asia due to geopolitical tensions with China. The presentation discusses the investment capacity of Southeast Asia, policies being developed by SEA five countries, and audience participation. It also covers the challenges and strategies related to supply chain diversification, industry specialization, and the potential impact of tariffs on US-China trade. The audience participated in polls regarding policy comparison, supply chain diversification, and risk areas when moving production to Southeast Asia. The session concluded with a scenario analysis of Vietnam's industrial development strategy and a discussion on language and cultural barriers when moving supply sourcing from China to Southeast Asia.