Sourcing Market Trends and ESG Compliance Strategies
China and Southeast Asia have much sourcing for pure exports, while
Europe normally supplies local and global demand
67%
China is mainly identified as a market for global supply
Main reason for sourcing in China, share of the respondents
(2019-2023)
➤ SEA mainly serves global demand while
Europe supplies both local and global demand
Main reason for sourcing in SEA and Europe,
share of the respondents
(2021-2023)
73%
52% 51%
50%
49%
23%
20%
46%
38%
For global production/sales only
For both global and local
production/sales
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13%
10%
4%
3%
1%
For local production/sales only
58%
53%
45%
36%
31% 30%
2019
2020
2021
2022
51%
46%
31%
28%
25%
16%
6%
+
26%
18%
*.
*
+
For global
production/sales only
2023
For both global and local For local production/sales
production/sales
only
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