Even Chinese companies are moving supply chains out China to avoid geopolitical risks. Here are the 6 places they're heading for instead.
homegrown companies from the manufacturing giant are now following in their footsteps.
"We already see a lot of China-based manufacturers are actively looking at setting up overseas productions with anticipation of the supply chain challenges and political risks," Shay Luo, a principal at consulting firm Kearney told Insider. — is likely to be a key beneficiary of the shift, much of the shuffle is headed to nearby Southeast Asia countries such as Vietnam, Thailand, Malaysia, and Indonesia.
Bangladesh, an apparel manufacturing giant, has attracted $770 million worth of foreign direct investment from China.South Asian countries like India and Bangladesh are prime candidates for Chinese manufacturers to move to, thanks to their vast lands and young populations.
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