According to the Korea Herald, the Korea Trade-Investment Promotion Agency (Korea Trade-Investment Promotion Agency), a subsidiary of the South Korean government, stated on Sunday that more than 60% of multinational companies have been or are planning to reorganize against the backdrop of increasing global trade protectionism. Its global supply chain.

KOTRA conducted relevant analysis on 246 companies covering materials, electronic equipment and equipment, and studied business decisions such as relocation, investment, mergers and acquisitions of these companies in the past five years.

The analysis pointed out that the global reconstruction of the value chain is most obvious in China, followed by North America and Latin America.

KOTRA stated that increasing protectionism, high value-added technologies, larger supply chains in emerging markets, and new value chains surrounding China are all contributing to the above results.

The analysis comes at a time when regions such as Southeast Asia and Latin America are trying to build a complete supply chain.

KOTRA further pointed out that automakers and electronics companies are transferring some of their production lines in China to member states of the Association of Southeast Asian Nations and Latin America.

To this end, companies need to continuously strengthen their supply chains to adapt to the ever-changing global value chain.