Sourcing 2.0: China Strategy for the Fortune 1000
- Michael Zakkour's 15+ years of China business development, strategy, and implementation work, for Fortune 1000 and SMEs in China have given him a clear and detailed perspective on China's manufacturing sector. He sees a seismic shift about to hit the global economy. With China entering its "Sourcing 2.0" phase, the era of assembly and general merchandise manufacturing is ending, and giving way to a focus on higher value, specialized component manufacturing.
China is moving away from its 1980-2000 model of low cost manufacturing for export, and towards an economy that faces domestic demand with services. B2B services in China are becoming more central in its development, as are the marketing of services ranging from fashion design to elder care, legal services to condo marketing. Michael Zakkour talks Technomic's recent projects in these areas.
Michael Zakkour is a Principal at Technomic Asia, based in Shanghai.