Trade War Driving Exodus from China
August 14, 2020
The on-going trade war continues to drive manufacturers to seek markets outside of China. The linked Tech spot article discusses Foxconn’s assertion that China’s time as “the world’s factory” has ended. The article goes on to discuss not only the plans of Foxconn, but also details investments of some of Foxconn’s suppliers.
FDI in Vietnam remains very strong as a result of the trade war, but Vietnam won’t have the capacity to take all of it. The article mentions India, Brazil, and Mexico as other potential markets being evaluated.