Singapore

Details

  • Industry: Consumer Markets
  • Type: Business and industry issue
  • Date: 10/7/2011

Product Sourcing in Asia Pacific 

New locations, extended value chains

New Locations, Extended Value Chains looks at how rising costs, free trade agreements, sustainability considerations, and new financing options are just a few of the factors promoting consumer products companies to look beyond China and explore sourcing options in other Asia Pacific countries.

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Asia Pacific is the most important region in the world for the sourcing of a range of consumer products — from apparel and textiles to hard goods such as furniture and consumer electronics. Within the region, China continues to dominate the sourcing map. Taken as a whole, it is a formidable exporting powerhouse. Figures from the US Journal of Commerce show that in the first quarter of 2011, goods from China accounted for 45 percent of total US imports of container cargo, a 1 percent drop year-on-year. Paling in comparison, the second-largest source country was South Korea, with a more modest 4 percent share.