Southeast Asia not destination of US firms planning to quit China

Analysts say manufacturers prefer to be closer to their supply chains.

Analyst Phua Lee Kerk says Malaysia’s tough labour laws may make things difficult for some US firms.

Bain & Co told CNBC that the multinationals would not move in to the region as they prefer to set up base closer to their supply chain. “For instance, fashion and apparel companies will set up shops close to their customers due to the frequent changes in consumer trends,” Phua told FMT.He gave the example of different requirements of labour during peak and off-peak seasons, saying Malaysia’s labour laws may not work well with some companies who may be forced to downsize their staff.

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