Why the ‘China plus one’ supply-chain shift is paying off less than Southeast Asia hoped
· Source: fortune.com
In short
The 'China plus one' strategy, intended to draw manufacturing away from China to Southeast Asia, has brought investment and jobs but fewer benefits than expected. Southeast Asia faces challenges such as fragmented manufacturing ecosystems and reliance on China for key components, limiting the creation of high-value industries. Additionally, U.S. trade policies and growing Chinese consumer market influence threaten to undercut the region's manufacturing gains.
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Tags: supply chain, manufacturing, southeast asia, trade, tariffs, exports