For the past few years, many companies in the apparel sector have moved their production from China to Vietnam, following the attempts of many of the United States-headquartered multinationals to decouple their supply chains from China.Now, many of these companies are facing immense challenges due to their overreliance on one key location for the manufacturing of core products.( Labours wearing face masks work at a private factory after restrictions imposed for the past three months due to the coronavirus disease (COVID-19) pandemic were lifted, in Hanoi, Vietnam, October 1, 2021. - Reuters)
THE Covid-19 pandemic has affected all businesses in one way or another. Its impact on China, the “world’s factory”, and the subsequent knock-on effect, have sent shockwaves through the supply chains of most companies, globally.
There has been a huge slow-down in production and challenges have arisen around supply and logistics.
Limited time offer:
Just RM5 per month.
