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Gartner Survey Reveals 33% of Supply Chain Leaders Moved Business Out of #China or Plan to by 2023
Tariff Costs and Resilience Concerns are Primary Reasons to Look for Alternative Locations
https://www.gartner.com/en/newsroom/press-releases/2020-06-24-gartner-survey-reveals-33-percent-of-supply-chain-leaders-moved-business-out-of-china-or-plan-to-by-2023
Tariff Costs and Resilience Concerns are Primary Reasons to Look for Alternative Locations
https://www.gartner.com/en/newsroom/press-releases/2020-06-24-gartner-survey-reveals-33-percent-of-supply-chain-leaders-moved-business-out-of-china-or-plan-to-by-2023
A Gartner, Inc. survey of 260 global supply chain leaders in February-March 2020 found that 33% had moved sourcing & manufacturing out of China or plan to do so in the next 2-3 years.
The pandemic is only one of several disruptions that placed global supply chains under pressure
The pandemic is only one of several disruptions that placed global supply chains under pressure
“Global supply chains were disrupted long before COVID-19 emerged,” said Kamala Raman, senior analyst with the Gartner Supply Chain Practice.
“Already in 2018 and 2019, the U.S.-China trade war made supply chain leaders aware of the weaknesses of their globalized supply chains.
“Already in 2018 and 2019, the U.S.-China trade war made supply chain leaders aware of the weaknesses of their globalized supply chains.
“We have found that tariffs imposed by the U.S. and Chinese governments during the past years have increased supply chain costs by up to 10% for more than 40% of organizations. For just over one-quarter of respondents, the impact has been even higher.”
“Popular alternative locations are Vietnam, India, and Mexico. The second main reason for moving business out of China is that supply chain leaders want to make their networks more resilient.”
