BEIJING/HONG KONG ¨C U.S. furniture company head Jordan England thinks his firm¡¯s Chinese suppliers are among the best in the game, but geopolitics and a slowing economy have pushed him to source more products from Southeast Asia, Eastern Europe and Mexico.
¡°I¡¯m looking to move away from it (China),¡± said England, CEO and co-founder of Florida-based Industry West.
¡°It was always ¡¯China plus one,¡¯¡± he said, referring to the diversification strategy many businesses began implementing after Washington imposed trade tariffs on Beijing in 2018 to ensure they were not wholly dependent on Chinese suppliers.
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