Vetting Asian Suppliers

This webinar will explore how businesses can strategically assess suppliers in this region, as an increasingly attractive alternative to China, focusing on sourcing from emerging markets in South and Southeast Asia.   As the costs of doing business in China continue to rise and trade tensions persist, U.S.-China trade has seen a year-on-year decline, with Illinois-China trade down by 30% (2022-2023). In response, businesses are seeking cost-effective alternatives. Countries in South and Southeast Asia are gaining traction as competitive sourcing hubs due to their proximity to China’s established supply chains, lower operational costs, and government policies aimed at spurring manufacturing growth.   Navigating new markets can be challenging for businesses accustomed to sourcing from just one market. Kyle Freeman, Partner at Dezan Shira & Associates, will demystify the vetting process for suppliers in Asia. He will cover essential due diligence practices, fraud and corruption risks, and country-specific considerations for India, Indonesia, and Vietnam—three markets that are quickly emerging as viable alternatives. Key Topics Covered:   · Types of Diligence & When to Use Them       ⋅ Background checks       ⋅ Operational diligence       ⋅ Full-scope diligence   · Fraud & Corruption Considerations       ⋅ Transparency challenges       ⋅ U.S. Foreign Corrupt Practices Act (FCPA) overview   · Country-Specific Diligence Insights       ⋅ India       ⋅ Indonesia       ⋅ Vietnam