82% of companies already have or plan to relocate away from China UBS Evidence Lab surveyed 450 C-suite executives in Taiwan, Korea and Japan. 82% of firms in the survey said they had already or intend to move some of their production from China. “Going home” more likely for Taiwan and Japan, than Korea More than 55% of respondents in Taiwan and Japan said they intend to relocate back home, but only 36% of Korean companies plan to do so. UBS thinks this reflects the relatively smaller run-up in wage costs in Taiwan and Japan in recent years. While the home markets are likely to benefit in the near-term due to established bases, longer term lower cost markets like Vietnam and India should also benefit, but it’s estimated to take 18-24 months for the planning and construction of new sites. Vietnam’s the main beneficiary in Asia, followed by India Outside of North Asia, 26% of companies plan to relocate to the US, especially in more complex manufacturing industries....