Il Sud-Est Asia si associa per competere

Cina, mercato lavoro, competizione int.le
Wsj     100826
Il Sud-Est Asia si associa per competere

●     Gli aumenti salariali in Cina stanno già smuovendo le acque in altri paesi con bassi salari, contribuendo ai recenti scioperi in Cambogia e Bangladesh.

●    Secondo gli economisti, con l’aumento dei costi di produzione in Cina gli investimenti si sposteranno inevitabilmente su altre aree:

o   nel 2009, in Vietnam il salario medio mensile di un operaio della manifattura era di circa $136; in Indonesia $129, contro i $413 della Cina.

o   Tuttavia, per poter competere con la Cina, questi paesi dovranno anche attrezzarsi di infrastrutture base, sistema legale arretrato, lotta alla corruzione etc.

– Da una recente inchiesta di Credit Suisse:

●    Circa il 90% dei maggiori gruppi USA e UE ritiene che sarebbe molto costoso spostare l’approvvigionamento di merci dalla Cina ad altri paesi, dato che in Cina c’è una robusta rete di fornitori e le infrastrutture necessarie alle spedizioni. Solo 1/5 ritiene che sarebbe facile.

– Un esempio chiave delle trasformazioni incoraggiate da quanto sta avvenendo in Cina, è il S-E Asia:

●    i leader del S-E Asia, 600 mn. di abitanti stanno pensando di riunire i suoi 10 paesi in un mercato e in una piattaforma di produzione comuni, per ovviare alla dimensione insufficiente di ognuno di essi per assorbire un massiccio afflusso di posti di lavoro dalla Cina.

●    I paesi del S-E Asia stanno inoltre facendo investimenti per strade e ferrovie; la Banca Asiatica per lo Sviluppo + altre hanno finanziato la costruzione di 3 grandi corridoi commerciali, con migliori collegamenti autostradali tra Cambogia, Tailandia, Vietnam e Laos.

– Perseguono gli stessi obiettivi anche diversi gruppi:

o    nel settore tessile-abbigliamento, oltre una dozzina di fornitori s-e asiatici hanno siglato accordi per una maggiore integrazione delle loro catene di rifornimenti, collegando ad es. opifici di cucitura in Cambogia con produttori di materie prime in Tailandia od altri paesi vicini.

– Un es.: il malese PCCS Group, abbigliamento, opera sia in Cina che in Cambogia:

negli ultimi 6 mesi i salari delle due fabbriche in Cina sono aumentati di circa il 50%, mentre si è creata una carenza di forza lavoro che ha ridotto la capacità produttiva a meno della metà. Invece per le sue fabbriche in Cambogia le domande di lavoro eccedono la richiesta.

Wsj      100826

Southeast Asia Links Up to Compete

China’s rising labor costs represent an opportunity for other developing countries, but factories in these frontier markets will have to do more than compete on wages to win business.

By PATRICK BARTA And ALEX FRANGOS

China’s rising labor costs represent an opportunity for other developing countries, as producers scour the globe for cheaper places to make things.

–   But China’s wage increases are already rippling to some of those new frontiers and have contributed to worker unrest recently in countries such as Cambodia and Bangladesh.

–   All that means these markets will have to do more than compete on wages. They will have to upgrade basic infrastructure and other parts of their economies to be viable alternatives to China.

–   Only about a fifth of major U.S. and European firms surveyed recently by Credit Suisse said it would be easy to switch sourcing of goods from China to other countries, thanks to China’s robust network of suppliers and shipping infrastructure. Roughly 90% said relocating would be very costly.

–   As China becomes more expensive, though, economists believe investment will inevitably flow to other areas, accelerating work to improve supply chains and manufacturing infrastructure.

"China sort of pushed everyone aside for 15 years" as investors flocked there for cheap labor, says Frederic Neumann, senior Asia economist for HSBC in Hong Kong. Now, he adds, China’s move up the value chain "opens up room again for other countries to jump in at the lower end of the scale."

–   A key example is Southeast Asia, a region of nearly 600 million people that was once one of the world’s investment darlings until it was eclipsed by China. The average factory worker in Vietnam made about $136 a month last year, in Indonesia, $129 a month, well below the $413 a month in China.

But Southeast Asia also faces enormous hurdles, including underdeveloped legal systems and problems with corruption. There is also the possibility that costs could spiral more than expected as workers learn more about wage gains in China and press for raises.

–   "Most of the countries, if not all, look to China for pricing direction," said Bruce Rockowitz, president of Hong Kong-based trading company Li & Fung at a recent press conference. Even so, Li & Fung Ltd. has been able to mitigate some of its rising costs by shifting business to places such as Indonesia and Vietnam.

–   Several Southeast Asian countries—including Cambodia, Vietnam and Indonesia—lack sufficient infrastructure to support much larger manufacturing industries, even though their wages are cheaper than China’s. Individual Southeast Asian countries also lack the scale to single-handedly absorb a massive influx of jobs from China.

–   Leaders in the region are pressing ahead with plans to stitch together the patchwork of nations into a common market and production platform by 2015. If fully realized, the project will include fewer restrictions on the movement of skilled labor from country to country and streamlined customs procedures.

–   Southeast Asian countries are also making headway on road and rail investments. Efforts funded by the Asian Development Bank and others have created three major overland trade corridors, with improved highway connections across Cambodia, Thailand, Vietnam and Laos.

–   Many companies are pursuing the same goals on their own. In the garment industry, more than a dozen Southeast Asian suppliers have reached agreements recently to more-closely integrate their supply chains by linking stitching companies in places such as Cambodia with raw-material makers in Thailand or other nearby countries. The companies effectively agree to market goods jointly so that they appear similar to suppliers in China, which often offer all the steps needed to make a whole garment, including access to yarns, fabrics, buttons and sewing, in the same area.

–   The long-term goal is to make Southeast Asia operate like one country with many states, rather than a region of 10 nations, says Van Sou Ieng, chairman of the Garment Manufacturers Association in Cambodia. "We have huge differences, but we have to make it happen" to grab more business from China, he says.

–   One of the companies involved, Malaysia’s PCCS Group, has operations in both China and Cambodia. In China, the firm’s two factories have seen wages shoot up roughly 50% in the past six months, with labor shortages leaving the factories operating at less than half-capacity, says Yik Thong Choon, a PCCS assistant general manager.

–   In Cambodia, by contrast, the company gets more job applications than it needs. That will change over time, but any pressures may be eased by the company’s recent push to team up with a Thai fabric producer to jointly pitch for business with garment retailers in Hong Kong, allowing it to leverage a bigger regional labor pool to complete a finished product.

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