COVID supply chain disruptions reinforce ‘China+1’ strategy

A green Toll Group container sitting on a rack.

A new survey of manufacturing and retail customers by third-party logistics provider Toll Group is reinforcing the narrative that the coronavirus pandemic is accelerating moves to diversify product sourcing away from China.

A quarter of customers are now planning to transition some of their operations out of China in the next three years, the global logistics powerhouse said. Melbourne, Australia-based Toll is the 17th largest 3PL in the world by gross revenue, according to Armstrong &...

https://s29755.pcdn.co/news/covid-supply-chain-disruptions-reinforce-china-1-strategy

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