According to a survey conducted among U.S. enterprises in China in 2022, nearly 60 percent of companies planning or having already started relocating manufacturing and sourcing outside of China were concerned with risk management and COVID-19 prevention measures. Besides, concerns over US-China trade tensions increased by 14 percentage points compared to the previous year, and fears over rising geopolitical tensions appeared as a reason for relocating business.
Leading reasons for U.S. companies considering or starting relocating manufacturing and sourcing outside of China in 2021 and 2022
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Further Content: You might find this interesting as well
AmCham China. (March 5, 2023). Leading reasons for U.S. companies considering or starting relocating manufacturing and sourcing outside of China in 2021 and 2022 [Graph]. In Statista. Retrieved June 15, 2024, from https://www.statista.com/statistics/1406435/reasons-for-us-companies-moving-capacity-outside-of-china/
AmCham China. "Leading reasons for U.S. companies considering or starting relocating manufacturing and sourcing outside of China in 2021 and 2022." Chart. March 5, 2023. Statista. Accessed June 15, 2024. https://www.statista.com/statistics/1406435/reasons-for-us-companies-moving-capacity-outside-of-china/
AmCham China. (2023). Leading reasons for U.S. companies considering or starting relocating manufacturing and sourcing outside of China in 2021 and 2022. Statista. Statista Inc.. Accessed: June 15, 2024. https://www.statista.com/statistics/1406435/reasons-for-us-companies-moving-capacity-outside-of-china/
AmCham China. "Leading Reasons for U.S. Companies Considering or Starting Relocating Manufacturing and Sourcing outside of China in 2021 and 2022." Statista, Statista Inc., 5 Mar 2023, https://www.statista.com/statistics/1406435/reasons-for-us-companies-moving-capacity-outside-of-china/
AmCham China, Leading reasons for U.S. companies considering or starting relocating manufacturing and sourcing outside of China in 2021 and 2022 Statista, https://www.statista.com/statistics/1406435/reasons-for-us-companies-moving-capacity-outside-of-china/ (last visited June 15, 2024)
Leading reasons for U.S. companies considering or starting relocating manufacturing and sourcing outside of China in 2021 and 2022 [Graph], AmCham China, March 5, 2023. [Online]. Available: https://www.statista.com/statistics/1406435/reasons-for-us-companies-moving-capacity-outside-of-china/