As shipping goods from China to the US has become more expensive, companies have moved their factories to cheaper export destinations in Asia. Photo: EPA

Change in supply chains driven by sustainability, digitalisation, not trade war, say business leaders at Beijing forum

  • Big multinationals are increasingly ‘regionalising’ their supply chains, say panellists at Bloomberg’s New Economy Forum
  • Shift of factories away from China to avoid tariffs imposed by US is more of a ‘short-term tactical change’
Topic |   US-China trade war

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As shipping goods from China to the US has become more expensive, companies have moved their factories to cheaper export destinations in Asia. Photo: EPA
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