Organizer: AmCham HK, The British Chamber of Commerce in HK, The French Chamber of Commerce in Hong Kong
Contact Person: Beverly Yau
Phone: +852 25306900
Sourcing beyond China: Inside accounts of sourcing and doing business in Vietnam, Cambodia and Myanmar.
Over the last 10-15 years, Asia sourcing strategies have shifted from being mainly China-centric to “China+1” or even moving out of China completely for certain products. Across many different manufacturing sectors as well as different retail segments, teams have had to explore new, neighbouring countries to maintain the demand for cost reduction, innovation, local raw materials or duty and tariff relief.
Vietnam, Cambodia and more recently Myanmar have been significantly growing their manufacturing sectors with numerous retailers now sourcing many billions of dollars from these economies. Aside from the impressive economics, there are stories of log-jams in ports, civil unrest and even “show-pony” factories.
So what’s it actually like operating in these increasingly important countries and for whom is it relevant to be considering them as genuine sourcing locations?
In this cross-Chamber panel, our broad mix of industry experts will discuss their real-life experiences and insights in both doing business in these countries today, as well as thoughts on how then next few years may develop.