The Emerging Asia Manufacturing Index 2024 - Navigating Asia's Industrial Landscape
Published: April 2024The Emerging Asia Manufacturing Index is a model for ranking manufacturing destinations to help international manufacturers address knowledge gaps in the Asia region. The index covers eight countries: Bangladesh, China, India, Indonesia, Malaysia, Thailand, the Philippines and Vietnam. In it, we also include key parameters that would be of interest to manufacturers seeking their next investment destination. Each market we benchmarked in our ranking offers distinct opportunities for foreign investors and for various industries.
As the global economy embarks on its post-pandemic journey, the manufacturing sector is on the path to recovery. Yet, the aftermath of the pandemic lingers, presenting a mix of opportunities and challenges.
Over the past five years, more than 90 percent of North American manufacturing companies have diversified their production to various regions, including Mexico, Morocco, Turkey, and especially South and Southeast Asia. This trend is expected to persist, and Emerging Asia's manufacturing sector is undergoing rapid transformations.
The Emerging Asia Manufacturing Index is a model for ranking manufacturing destinations to help international manufacturers address Asia regional knowledge gaps as they seek to better understand these rapidly changing investment and operating environments.
Currently covering eight countries, and based on the relative score ranking of data sources, the EAMI is researched and produced by Dezan Shira & Associates’ Business Intelligence practice, which is located throughout Asia and specializes in regional benchmarking and locations analysis for key sectors including manufacturing.
Each of the eight markets benchmarked in our ranking, including Bangladesh, China, India, Indonesia, Malaysia, Thailand, the Philippines and Vietnam, offers distinctive opportunities to foreign investors, varying according to the industry. We delineate each parameter of interest to manufacturers seeking the next investment destination in the comprehensive table available in our PDF report.