Stark reminder for all execs talking up SME exposure
The smaller, the more exposed to China
Vietnam, India and Turkey are leading the sourcing diversification charge away from China, according to a new survey.
Qima, a Hong Kong-based supply chain compliance firm, surveyed 700 companies with international supply chains over the first quarter and found that, while sourcing in China is “bouncing back strongly”, it has not yet returned to pre-Covid levels.
“Alternative sourcing regions such as Vietnam, India and Turkey are experiencing sustained levels of growth,” Qima said.
For example, Vietnam’s popularity among western buyers has grown “leaps ...
European port congestion now at five-to-six days, and getting worse
Keep our news independent, by supporting The Loadstar
Ocean rates rise after tariff pause acts as 'starting gun' for more front-loading
Carriers react quickly to transpac demand surge, but rates remain muted
ONE opts for South Korean newbuilds to avoid hefty US port fees
Crew saved as MSC box ship, hit by 'monsoon' off Indian coast, sinks
Legal challenges for tariffs and de minimis, as EU eyes new ecommerce rules
Comment on this article