News / Near-shoring takes another step as companies eye new markets

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The Covid-19 crisis has accelerated the pace of trade diversification from China, bringing industry buzzwords like near-shoring, re-shoring or friend-shoring increasingly under the spotlight.

This market reconfiguration has, undeniably, boosted some of the emerging economies in South Asia, with Vietnam seen as the primary beneficiary because of its first-mover advantages. But other nations are catching up as opportunities grow.

After Foxconn and Apple, Amazon is taking an investment leap in India.

The digital giant is looking to pour some $13bn into cloud infrastructure ...