China-Vietnam sourcing shift enters phase two, bringing more box congestion

Capt. John

The manufacturing shift from China to Vietnam is moving up a gear, putting pressure on the country’s container supply chains.
With 2.4% GDP growth forecast by the IMF, Vietnam is on track to become one of the fastest growing economies in the world in 2020, as many others fall into lockdown-induced recessions.
For example, Singapore and Malaysia look set to suffer deep economic slumps, which would see Vietnam overtake the pair to …

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