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CNBC

Southeast Asia may not be the next ‘factory of the world’ even as production moves away from China

Southeast Asia may not be the next ‘factory of the world’ even as production moves away from China

Multinational companies are adjusting their business strategies as the U.S.-China trade dispute continues to affect global markets and business sentiments, according to a Bain and Company survey.

  • April 08, 2019
  • min read

CNBC

Southeast Asia may not be the next ‘factory of the world’ even as production moves away from China

The U.S.-China trade dispute is pushing American multinational companies to relocate their factories and adjust business strategies for their supply chains in the next 12 months, according to a survey by Bain & Company.

“The shift is happening,” said Gerry Mattios, a partner with Bain & Company.

“Back at (the) end of 2018, when we ran a similar report, we found out a lot of companies — over 50 percent — were actually sitting on the fence ... there were no major actions taken,” Mattios told CNBC’s “Squawk Box” on Monday.

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