What is China Plus One & Why Is It Beneficial?
Michelle Adams
Created on August 24, 2023
A brief overview of the China Plus One strategy and its benefits for companies who source parts from China in their supply chain.
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Transcript
What is the benefit of China Plus One? By establishing additional sourcing and manufacturing locations outside of China, companies can mitigate business risks such as cost, geopolitical threats, and compliance requirements.
What is China Plus One? China Plus One is a supply chain strategy that encourages companies to minimize their supply chain dependency on China by sourcing parts from other countries such as Thailand, Vietnam, Singapore, and Malaysia.