The next decade will accelerate shifting supply chains whereby manufacturing and production will diversify to multiple locations across Thailand, Southeast Asia and India. According to JLL, markets like Thailand stand to be net beneficiaries of companies diversifying manufacturing capabilities to complement existing bases in China, but companies will need to be flexible when considering locations and funding options to take advantage of volatility in supply chains.
During the past few years, companies have begun exploring the relocation of manufacturing outside of China. In Asia Pacific, this nearshoring/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.
“Thailand has emerged as a prime investment destination in the supply chain reformation from China, garnering substantial investment across key industrial clus
