China’s rise as the world’s factory spanned four decades and ushered in an era of globalization and integrated supply chains.
That facade started to crumble around 2018 after President Donald Trump launched a trade war against the East Asian giant. This, in turn, has prompted investors to reassess their geopolitical risks. While some investors did move parts of their manufacturing facilities out of China at the time, it was the pandemic that drove home the importance of not depending on one country for manufacturing needs.
To navigate this complicated web of US-China trade tensions, multinationals are, now more than ever, looking to hedge their business risks. Here are five countries where China’s supply chains are moving to.
