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The Strait Times

Most businesses changed strategies due to trade war: AmCham Singapore survey

Companies here spooked by the United States-China trade war are holding off on investments or cancelling them entirely, according to a survey by Bain & Company and AmCham.

  • December 06, 2018
  • min read

The Strait Times

Most businesses changed strategies due to trade war: AmCham Singapore survey

Gerry Mattios, an Expert Vice President with Bain & Company in Singapore, told a panel discussion on the survey's release that while firms may be mulling different strategies, it is still logistically difficult to move manufacturing operations.

"We have to remember that shifting manufacturing is actually very expensive and it is not easy, whether it is supplier quality, capacity issues or customs regulations with countries that they have not done business with before," said Mattios. "Making those decisions is not something that can happen overnight."

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