Research Library > Sparton Corporation > The Viet Nam Advantage: How Pricing and Other Benefits Lower Total Manufacturing Cost

The Viet Nam Advantage: How Pricing and Other Benefits Lower Total Manufacturing Cost

White Paper Published By: Sparton Corporation
Sparton Corporation
Published:  Jan 08, 2019
Type:  White Paper
Length:  7 pages

With the cost of manufacturing in China escalating, companies are increasingly looking to Southeast Asia for an alternative to meet their outsource manufacturing needs. Emerging as the leading alternative to China, Vietnam is now a destination choice for outsource manufacturing due to the unique financial advantages it can provide companies, including those in high-tech segments such as medical and commercial aerospace. In addition to lowering total costs, Vietnam offers companies a larger labor force, strong IP protection, and reliable quality in the manufacturing process, among other benefits. Moving their contract manufacturing to Vietnam can provide companies an excellent foundation for long-term profits and sustained growth.

 



Tagschina, vietnam, southeast asia, manufacturing, cost, outsource, high-tech, commercial aerospace, medical, labor, skilled, foreign, investment, market, supply chain, intellectual property, shipping, logistics