What is prompting providers to change manufacturing from China?
In excess of the earlier two many years, China has served as the manufacturing hub for providers in several industries globally. Even so, trade war with the US, expanding price of labor, lack of manpower and the latest COVID–19 pandemic may make it hard for China to retain its posture as the epicenter of producing.
Critical Drivers for the Change
Since early 2019, producing providers around the globe have been searching to reduce their source chain dependence on China. The outbreak of the pandemic has intensified the quest