When China joined the World Trade Organization (WTO) in 2001, U.S. companies rushed to set up shop overseas. Over the years, that excitement has dwindled for several reasons, including the trade war between the U.S. and China. Now, those same companies are turning to other countries to produce their goods.
Continue reading to find out which 15 U.S. companies are moving production out of China to places like Mexico, Thailand, Vietnam and Indonesia.
Just a decade ago, China was responsible for producing most of Nike’s shoes. But, lately, the shoe giant’s suppliers have been relocating production facilities to Southeast Asia and Africa.
This shift didn’t happen overnight, though. It’s been years in the making. In fact, the amount of Nike shoes made in China fell from 32% in 2012 to just 19% in 2017.
Meanwhile, Nike is also reviewing its supply chains in Xinjiang, an autonomous region of China, occupying the country’s northwestern corner.