5 Reasons you should Source Backpacks from Vietnam

In the past few years more and more companies are starting to see Vietnam as a leading manufacturer, with recent reports showing that big US brands such as Nike and Adidas are moving away from China in favour of Vietnam. China has traditionally been the top choice for companies seeking to outsource their manufacturing.

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Why China is Losing it’s Throne in the Manufacturing Industry

The global manufacturing industry is changing. There is no doubt that China is still a huge figure, but its dominant status is shifting. Competition has been growing steadily across the world as more countries are investing in their own industries. Many other countries, notably Vietnam, are capitalizing on their geographical position and young/skilled labor to further develop their own manufacturing infrastructure, priming themselves for future growth.

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Differences Between Sourcing in Vietnam vs. China

China has been a dominant force in the world of manufacturing for decades. However, as China has continued to develop, companies are starting to move away from sourcing from them. There are many countries perceived to be on the path to becoming the “new China.” Sourcing from Vietnam, for example, is becoming increasingly attractive due to their significantly lower wages.

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