Wages have been rising rapidly in the country, taking away one of the key reasons many companies set up shop there, he said.
The big Taiwanese manufacturers are already shifting production from China back to Taiwan and are making plans to set up shop in Southeast Asia, according to Berkowitz.The country established itself as ground zero for global manufacturing largely due to its cheap workforce.
"They're building facilities in Taiwan to meet short-term needs and making plans to make major transitions into Southeast Asia," he said.
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