With the rising tariffs and pending trade war with China, many U.S. manufacturing companies are looking at other countries for strategic sourcing solutions.
Many other countries offer similar lower wages and the same or better quality materials as you would find in China. While many businesses have been outsourcing production to China for years, the increasing tariffs associated with the trade war may prove too costly for some.
Below we've outlined eight alternative low-cost countries to China.
So you have a business with a great product, but you're looking for cheaper methods of manufacturing. Commodity managers, materials managers, and sourcing engineers have big decisions to make in regard to finding the right suppliers for their production parts at the best total cost.
Should you look for your own manufacturers in Asia or a low-cost country (LCC) outside of Asia? Or should you use a sourcing integrator that already has an established global manufacturing base? Below are four reasons why it makes sense to outsource your components through an integrator: