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China +1: The Pros and Cons of China’s Sourcing Alternatives
28th November 2019 | 3:00 pm - 5:00 pm
| German Centre Taicang
The cost advantage that turned China into the world’s factory has declined over the last decade. Labour costs, which were one-tenth of those in the US in 2005, are now about one-third. This, combined with rising indirect costs, environmental regulations and, more recently, the Sino-US trade war, has prompted global companies and their suppliers to look for cheaper alternatives.
But rather than a large-scale, cross-industry migration of global supply chains out of China, what we’re seeing are small-scale, industry-specific shifts. Most companies are looking to complement, rather than replace, their China sourcing.
In this seminar, we take a closer look at the advantages and bottlenecks that alternative sourcing markets in Asia offer for specific industries, and we analyse China’scompetitiveness as a sourcing market in a world where “buying well” is becoming just as important as “buying cheap”.
Marshall Chen, Partner at Fiducia Management Consultants
As the head of Fiducia’s China Consulting Team, Marshall has 15 years’ experience in providing multinational clients with cutting-edge market intelligence and strategic advice to support their growth in the Chinese market. His expertise ranges from conducting in-depth market studies (market mapping, competitor benchmarking, cost-competitive analysis, demand analysis) to strategy formulation for market entry and growth, as well as M&A support. Marshall has extensive experience in supporting clients from various industries, including plastics, machinery and medical devices.