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Siemens scours south-east Asia for deals to diversify from China

Siemens is scouting for investments in South-East Asia to reduce supply chain risks against a backdrop of geopolitical tension between the west and Beijing. Multinationals are reducing exposure to China and building up a supply chain role for other countries.

  • Siemens is scouting for investments in South-East Asia to diversify away from China due to geopolitical tension.
  • The German group is considering adding factories in fast-growing economies including Indonesia, Vietnam and Thailand.
  • Multinationals are reducing exposure to China and building up a supply chain role for other countries.
  • Sony, Apple, Samsung and Adidas have shifted production from China to South-East Asia.
  • India has profited from companies moving or adding production lines out of China.
Siemens scours south-east Asia for deals to diversify from China
German group considers adding factories in Indonesia, Vietnam and Thailand as it tries to reduce supply chain risks

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