Importers are scrambling to find alternative sources for products they currently source out of factories in China.
The latest challenges with 2 Australian journalists fleeing China, Australians working in China advised by the Australian government to leave, the continues crack-down in Hong Kong and the greater focus on the plight of the Uyghurs is driving this.
Already, we have seen some suppliers shift product sourcing to Australia. I know of several suppliers who are driving the setup of production facilities in other low labour cost countries.
A challenging factor is in competitive situation. Currently, competing suppliers who source from China have a relatively consistent cost base. In moving production from China to another country there is, naturally, an impact on cost.