Global Manufacturing Risk Index, 2021

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admin November 5, 2021
Updated 2021/11/05 at 3:29 PM

The Global Manufacturing Risk Index, developed by Cushman & Wakefield, evaluates the most beneficial locations for global manufacturing across 47 nations in Europe, the Americas, and the Asia Pacific. The countries are graded on four main criteria: As vaccinations are distributed and business resumes, the company expects to be able to recommence production activities. Conditions: The business environment, including talent/labor availability and market access. Costs: Labor, energy, and real estate are all included in the operating costs. Political, economic, and environmental risks are all present. The operational environment and cost-effectiveness of a country are used to establish the baseline ranking for top manufacturing locations.

China has stayed at the top of the rankings, with India in second place. Canada, the Czech Republic, Indonesia, Lithuania, Thailand, Malaysia, and Poland are in third place. The United States was placed second in the 2020 report, while India was ranked third. Plant relocations from China to other areas of Asia are ascribed to an already existing foundation in the pharma, chemicals, and engineering industries, which are still at the centre of US-China trade concerns. India’s operational circumstances and cost competitiveness are contributing to the increased emphasis on the country.

 

Source: The Indian Express

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