Hong Kong Industrialist - Oct 2020

Stabilise Supply Chain with “China +1” Strategy Many local companies are currently facing the challenges from COVID-19 epidemic and the China-US trade tensions. Meanwhile, the operating costs in Mainland China have increased sharply in recent years, such as wages, social security premiums and environmental protection costs. Therefore, Hong Kong manufacturers have begun to adopt the “China +1” supply chain strategy, grasping the opportunities in the Greater China market while moving the labor-intensive production processes out of Mainland China. These production lines are relocated to relatively cost-saving regions in Southeast Asian countries such as Thailand, Vietnam, Indonesia, Malaysia, Cambodia, and Myanmar to establish a more diversified regional supply chain network. This newly emerging economy of Southeast Asia has a population of 700 million, and two-thirds of people are under the age of 35 on average. This kind of population composition could provide a large and relatively cheap labour force and generate a strong consumption power from these young people. Therefore, it is not only an ideal place for setting up factories but also a great opportunity to consider expanding the ASEAN sales market. Here are six Southeast Asian countries where manufacturers could consider relocating production lines. 實踐「中國+1」策略 穩定供應鏈 不少企業面對現時疫情以及中美貿易關係 緊張，加上中國近年的經營成本急劇增加，如 工資、社保費用和環保成本等，廠商們開始採 取「中國+1」的供應鏈策略，一方面繼續利用 中國市場的機遇，另一方面把勞力密集的生產 工序遷離中國，並將生產線遷移至泰國、越 南、印尼、馬來西亞、東埔寨及緬甸等較低成 本的東南亞地區，建立多元化的地區供應鏈網 絡。 東南亞這個新興經濟市場擁7億人口，其中 三分之二人口平均年齡在35歲以下，除了提供 龐大而相對較廉價的勞動人口之外，年輕人口 亦帶來強勁的消費力，故不但是設廠之選，也 可考慮拓展東盟銷售市場。以下將簡介六個廠 商可考慮設廠的東南亞國家。 緬甸 Myanmar 印尼 Indonesia 泰國 Thailand 越南 Vietnam 馬來西亞 Malaysia 柬埔寨 Cambodia 六個廠商可考慮設廠的東南亞國家 Six Southeast Asian countries where manufacturers could consider relocating production lines * establishing production lines * Reference: The Hong Kong Productivity Council 參考資料：香港生產力促進局 10-12/2020 | 21