Construction + Economy, Lighting Industry

More Industries Adopting “China+1” Risk Management Strategy

More Industries Adopting “China+1” Risk Management Strategy


I’ve previously written several posts on the reduction of trade between the US and China. This is largely caused by the escalating and evolving trade war. Companies in a growing number of industries are managing Chinese sourcing risk by adopting the stragegy of diversifying their supply chain to include China plus another source outside of China, known as the “China+1” strategy.

A recent study by the Taiwan External Trade Development Council (TAITRA) shows four regions rising in global exports, as China’s role diminishes: India, Southeast Asia (ASEAN), Mexico, and Central & Eastern Europe.

Industries trending to the China+1 approach include: automotive, electronics, AI servers, semiconductors, aerospace, smart healthcare, and advanced energy.

India is seeing growth in electronics manufacturing. Southeast Asia is expanding manufacturing of semiconductors, PCBs, and battery manufacturing. Mexico is increasing manufacturing in many industries due to its young labor force and proximity to the US. Central & Eastern Europe are expected to increase manufacturing of EVs, electronic components, and more.

Read the full story here.


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