In recent years Vietnam has had its day in the sun, as production of certain items has shifted from China. It’s been cheaper to manufacture in Vietnam, and it’s been a boon to Vietnam’s economy.
But Covid brought a lot of problems to Vietnam, especially at ports. Now firms have to consider whether it’s time to move on, and go to another country.
Instability of supply chains is the new norm. While it’s costly and traumatic to change, sometimes the proper strategy requires it. You can see businesses are thinking hard about it. It’s supply chain strategy playhing out in the real world.
By Sam Whelan 23/09/2021Sourcing from Vietnam could shift as costs and restrictions rise, warn businesses – The Loadstar