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Supply chain shifts to drive more manufacturing to Southeast Asia and India
Research - MAY 28, 2024

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Supply chain shifts to drive more manufacturing to Southeast Asia and India

by Released

The next decade will accelerate shifting supply chains whereby manufacturing and production locations will diversify to multiple locations across Southeast Asia and India. According to JLL, Southeast Asia and India stand to be net beneficiaries of companies diversifying manufacturing capabilities to complement existing bases in China. However, companies will need to be flexible when considering locations and funding options to take advantage of volatility in supply chains.

Over the past few years, companies have begun exploring the relocation of manufacturing outside of China. In Asia Pacific, this nearshoring/reshoring/friendshoring trend has resulted in the China+1 strategy, where companies add additional manufacturing bases outside of China to hedge against supply-chain disruptions by reducing reliance on a single country.

According to JLL analysis, the impact has been mostly felt at the destination country, especially in Southeast Asia and India. As a result, gover

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