Cushman & Wakefield’s 2021 Global Manufacturing Risk Index assesses the most advantageous locations for global manufacturing among 47 countries in Europe, the Americas and Asia Pacific.
Within the Risk Index Report, countries are assessed based on following four key areas:
- Bounce Back: Projected ability to restart manufacturing operations as vaccines are rolled out and business begins to return to normal
- Conditions: Business environment, including the availability of talent/labor and access to markets
- Costs: Operating costs including labor, electricity and real estate
- Risks: Political, economic and environmental
According to the report, China has been ranked first. India has been ranked as the second-most sought-after manufacturing destination in the world.
The US is at third position, followed by Canada, Czech Republic, Indonesia, Lithuania, Thailand, Malaysia and Poland.
In the last year’s report, the US was at second position while India ranked third.
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