‘China-plus-one’ strategy taking root – Perspective
Posted on July 4, 2013 by DrRossH in Plastic Waste News‘China-plus-one’ strategy taking root – Perspective – Plastics News.
After years of China being the overwhelming focus of plastics investment in Asia, there’s new data showing that molding companies are spreading themselves around the region, as manufacturers develop their own versions of a “China-plus-one” strategy.
That term is supply-chain jargon for Asian investment shifting from being mostly about China to China plus another key manufacturing location in Asia. It’s seen as a hedge against China’s rapidly rising costs or just diversification and not putting all of the fortune cookies in the one basket, so to speak.
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