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US imports shifting from China to Vietnam and other Asian countries:
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Luka 🦉's avatar
Luka 🦉
@stock.owlMay 7
there is a clear trend of trying to reduce dependency from Chinese production. I love to see companies in my portfolio to embrace such a trend.
Joey Hirendernath's avatar
Joey Hirendernath
@joeyhirendernathMay 8
I remember reading a week before that whilst a lot of people attribute the shift purely to geopolitical causes jt has been driven by a number of factors, including rising labor costs in China, and the ongoing COVID-19 pandemic.

It’s prudent/economical for companies to switch to other asian alternatives
Tech Fund's avatar
Tech Fund
@extremetechfundMay 8Author
@joeyhirendernath I agree, multiple factors are at play here. And it makes sense to diversify supply chains from a business perspective.
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