In addition to pointing out the recent corruption survey by Transparency.org, which pointed out that Brazil, China, and India fall about halfway down the corruption chart, the CPO Agenda recently pointed out a recent report by the Economist Intelligence Unit that revealed that, although countries such as India and China remain vital investment destinations, investments are being planned in other destinations as well. Specifically, approximately:
- 17% of multinationals are planning investment in Mexico
- 14% of multinationals are planning investment in Indonesia
- 12% of multinationals are planning investment in Thailand
- 11% of multinationals are planning investment in Poland
- 11% of multinationals are planning investment in Romania
- 10% of multinationals are planning investment in Ukraine
Given that the investment plans for the BRIC are only:
- 20% for China
- 17% for India
- 12% for Brazil
- 10% for Russia
It looks like not only is near-sourcing coming back, but secondary sourcing destinations are on the rise. So where are you going next? Giving the lack of coverage of some of these destinations, it’s hard to say, but it’s almost a sure thing that new “low cost” destinations will be making the headline soon. Any bets?