Trade war concerns forcing firms to change their strategies: Survey
Companies spooked by the trade war are holding off on investments or cancelling them entirely, according to a survey out yesterday. It also found that firms have started looking into diversifying their presence in other countries and adjusting supply chains to secure components outside the United States or China. A small number are even contemplating relocating some or all of their manufacturing operations out of China and the US, with 5 per cent of companies thinking of leaving China entirely. The survey, conducted by market research consultancy Blackbox Research last month for the American Chamber of Commerce (AmCham) in Singapore, polled 179 member companies that have a presence in South-east Asia. Most were American firms. For more on this story, click here.