Supply Opportunities in Southeast Asia
June 1, 2023
Southeast Asia is a leading center of growth for the global economy. The region has a large, diverse talent pool, and rapid economic expansion indicates the market’s significant long-term growth potential. Southeast Asian countries have invested in upgrading their manufacturing production processes with modern technologies, signifying a capacity that can support a wide range of goods and an increasing number of sectors. With access to some of the world’s largest shipping lanes, the region is also strategically located to combat China’s rising economic power. Many Southeast Asian countries have prioritized seeking greater involvement from outside powers like the U.S., spurring companies in the U.S. to in turn seek suppliers within the region.
This report addresses opportunities in Southeast Asia for Virginia companies seeking to optimize their international supply chains for five select countries: the Philippines, Vietnam, Malaysia, Thailand, and Indonesia.