Supply Chain Challenges in Asia

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For the last three decades, Asia was the de facto choice for all types of production from apparel and textiles, to electronics and machinery, to cosmetics and consumer products. Production costs and MOQ flexibility associated with China and Asia have gradually been worsening for years, but over the last 18 months, the situation has exponentially worsened. We very likely have arrived at a turning point where China and Asia will no longer the best options for pricing, timing, and production flexibility. This article evaluates some of the current happenings in Asia and recommends alternative sourcing strategies specifically within LATAM and South America.

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