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

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

Authors
Fangyang Chen1, *
1School of design, Pratt Institute, Brooklyn, New York, United States
*Corresponding author. Email: Fchen260103@163.com
Corresponding Author
Fangyang Chen
Available Online 15 October 2023.
DOI
10.2991/978-94-6463-272-9_17How to use a DOI?
Keywords
Manufacturing Enterprises; transitioning to Southeast Asia; geographic shift; production center
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.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 3rd International Conference on Financial Management and Economic Transition (FMET 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
15 October 2023
ISBN
10.2991/978-94-6463-272-9_17
ISSN
2352-5428
DOI
10.2991/978-94-6463-272-9_17How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Fangyang Chen
PY  - 2023
DA  - 2023/10/15
TI  - A Study of the Trend of Manufacturing Enterprises Moving to Southeast Asia
BT  - Proceedings of the 2023 3rd International Conference on Financial Management and Economic Transition (FMET 2023)
PB  - Atlantis Press
SP  - 163
EP  - 168
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-272-9_17
DO  - 10.2991/978-94-6463-272-9_17
ID  - Chen2023
ER  -