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A Study of the Trend of Manufacturing Enterprises Moving to Southeast Asia

In: Proceedings of the 2023 3rd International Conference on Financial Management and Economic Transition (FMET 2023)

Author

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  • Fangyang Chen

    (Pratt Institute, School of design)

Abstract

As technology continues to evolve, the world’s manufacturing firms are moving to Southeast Asia for lower labor, materials, and taxes. Whether and how to shift to Southeast Asia is the research direction of this paper for small manufacturing firms that are large in volume and broad in scope. So what are the advantages of transitioning to Southeast Asia? What kind of enterprises are suitable for transitioning to Southeast Asia? And what will be the trend of the whole world? Should enterprises shift all their production centers of gravity, or should they just shift part of their production centers of gravity? Does the shift mean that we should give up our established markets and strengths, and how to integrate these resources and utilize them better? This article will analyze the advantages and disadvantages of shifting micro enterprises' production center of gravity and how manufacturing enterprises should better survive in this era under this megatrend. From the thesis results, the transformation and relocation of light industrial factories are inevitable. Lower production costs are bound to attract more customers. However, how we should utilize this geographic shift is more important, and stratification of production is also necessary.

Suggested Citation

  • Fangyang Chen, 2024. "A Study of the Trend of Manufacturing Enterprises Moving to Southeast Asia," Advances in Economics, Business and Management Research, in: Vilas Gaikar & Min Hou & Yan Li & Yan Ke (ed.), Proceedings of the 2023 3rd International Conference on Financial Management and Economic Transition (FMET 2023), pages 163-168, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-272-9_17
    DOI: 10.2991/978-94-6463-272-9_17
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