US, European buyers pivot away from China, toward Vietnam

05/05/2021 12:27 11

US, European buyers pivot away from China, toward Vietnam


Demand for Vietnamese products is increasing among U.S. and European buyers, many of whom are seeking to diversify their buying away from China, a survey has found. -

Forty three percent of U.S. companies said earlier this year that Vietnam was among their top three choices of source, twice the rate seen in 2019, according to a survey by Qima, a provider of supply-chain-compliance solutions.

The survey polled over 700 businesses with international supply chains.

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