Over the past few decades, many companies chose to invest in China, drawn by its cheap labour and huge market. However, China is gradually losing its cost advantage and competitiveness in comparison to other ASEAN countries. As a result, many companies in China are looking to diversify their operations by adding another location in Asia. This strategy is known as the "China Plus One" model.
In this webinar, we will discuss:
- The cost of doing business in China
- Benefits of adopting the "China Plus One" strategy
- Selecting an location within ASEAN for your business
- Using ASEAN's Free Trade Agreement network to tap into global supply chains
- "China Plus One" case studies
By adopting this model, companies can reduce its operating costs as well as access new markets. Business spreads its production across another several markets becomes less vulnerable to supply chain disruptions, currency fluctuations and tariff risks in any individual market. There are several key considerations when selecting an additional regional outpost, including labour costs, infrastructure, ease of doing, proximity, cost of setup, FTAs, to name a few.
In this webinar, we will also discuss the advantages offered by these countries compared to China, following up with three cases study of three companies who has decided to go with “China Plus One”, in which we can take a closer look at their situation and how they find this strategy as a solution for their business development.
To RSVP for the webinar, please visit the registration page.