Challenges and Opportunities of Altasia: A National Benchmarking Assessment

Author:

Hong Paul1ORCID,Chen Hao-Wei1,Ahrens Fred1,Park Young Soo2,Cho Young Sik3ORCID

Affiliation:

1. John B. and Lillian E. Neff College of Business and Innovation, The University of Toledo, Toledo, OH 43606, USA

2. Department of Business and Leadership, Midwest University, Wentzville, MO 63385, USA

3. Department of International Commerce, Finance, and Investment, Kyung Hee University, Seoul 02447, Republic of Korea

Abstract

As global pressures mount to diversify supply chain strategies beyond China, the concept of “Altasia” has emerged, encompassing 14 alternative countries. This study offers a comprehensive framework describing the historical context, driving factors, and theoretical underpinnings motivating the global shift away from China. Our research model delineates the strategic pathways employed by multinational corporations to navigate the decoupling process, particularly in identifying alternative manufacturing hubs across the Altasia region. This article critically examines the multifaceted challenges and opportunities inherent in Altasia as a collective entity comprising these 14 alternative countries. Furthermore, it explores the transformative implications of this paradigm shift on the broader global supply chain ecosystem. In conclusion, we highlight the forward-looking significance of these findings, shedding light on avenues for future research endeavors in this evolving landscape.

Publisher

MDPI AG

Subject

Management, Monitoring, Policy and Law,Renewable Energy, Sustainability and the Environment,Geography, Planning and Development,Building and Construction

Reference55 articles.

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2. How did rising labor costs erode China’s global advantage?;Huang;J. Econ. Behav. Organ.,2021

3. Zipser, D., Seong, J., and Woetzel, J. (2023, August 28). Five Consumer Trends Shaping the Next Decade of Growth in China, McKinsey & Company. Available online: https://www.mckinsey.com/cn/our-insights/our-insights/five-consumer-trends-shaping-the-next-decade-of-growth-in-china.

4. Labor Market Outcomes and Reforms in China;Meng;J. Econ. Perspect.,2012

5. US News and World Report (2023, September 13). These Countries Have the Most Skilled Labor Forces. Available online: https://www.usnews.com/news/best-countries/rankings/skilled-labor-force.

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