Event Details
Ongoing global supply chain shocks, escalating U.S.-China trade tensions, potential 60% tariffs on Chinese goods with Trump's return, along with China's rising labor costs and compliance costs from its new stringent Personal Information Protection Law, have businesses rethinking their dependency on China ahead of the U.S. elections. The need for resilient supply chains has spurred the adoption of China+N strategies, where companies maintain their Chinese presence while diversifying operations and adding alternative sourcing and manufacturing hubs across multiple countries. This mitigates disruption risks in any one location, creating a robust and adaptable global supply network, and enables enhanced access to new consumer markets without fully abandoning the crucial Chinese market.
In building their China+N strategies, businesses need to consider a variety of factors beyond just geographic location, including but not limited to ensuring product quality consistency, infrastructure, human capital costs and skills, currency fluctuations, geopolitical stability, IP protections, proximity to key markets and trade routes, and overall operational streamlining across a multi-geography footprint. ASEAN has major advantages to China+N strategies due to trade agreements like the Regional Comprehensive Economic Partnership (RCEP), which enables greater market access and streamlined trade processes with China, and the Indo-Pacific Economic Framework for Prosperity (IPEF) which enables enhanced economic cooperation with the U.S. Many businesses are considering Vietnam, Indonesia, and India as attractive +N countries, offering competitive labor, improving infrastructure and favorable trade frameworks.
Join AmCham and our panel of experts as we dive into China+N strategies that balance diversification with maintaining a Chinese presence. Beyond reshoring and nearshoring, our experts will cover regionalized supply chains, dual-sourcing critical components, and leveraging manufacturing diversification to better understand and access new consumer markets.
Please note the following details:
- The event is held under the Chatham House Rule https://www.chathamhouse.org/about-us/chatham-house-rule
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* For any enquiries please contact the AmCham Programming and Events Team at pe@amcham.com.sg.
