At Mercator Cargo we closely monitor worldwide manufacturing and sourcing trends. The recent increase in trade from Vietnam shows the move away from China to other countries, demonstrating the region as one potential new area for traders and manufacturers looking to source cheap, reliable products.
This, of course, is nothing new – like the move away from Europe to China which has prevailed in the previous decades, driven by the increase in the standard of living in China which has increased labour costs driving up manufacturing costs.
The latest move by the USA President, Donald Trump, to increase tariff/duty rates on goods from China will add further pressure to the Chinese manufacturing community. Many US Companies are looking to source goods from outside of China. It makes sense for the rest of the world to follow this trend and begin to look elsewhere, facilities manufacturing goods for the USA will also be able to manage the production of goods for the EU and the rest of the world.
We have excellent partners in Vietnam who not only can provide us with low freight rates for both air and sea, but who can also assist in finding trusted, reliable partners for your manufacturing and sourcing needs. We can also bolt on added services such as warehousing and consolidation.
As Vietnam, and other Asian countries continue to grow we forecast these markets will be the “new” China in a few years’ time, and we are excited to be at the forefront of this new era.
Make sure that you choose a well-established and reputable freight forwarder who has direct connections locally in Vietnam. If you would like to discuss any aspect of shipping or supply chain from Vietnam or you would like a quotation, then get in touch: +44 2392 756 575 or email sales@mercatorcargo.co.uk
