Review the article and answer the following

Review the article “Manufacturers Want to Quit China for Vietnam. They’re Finding It Impossible”. Answer the following:

• Why is China the world’s factory floor? Is it only because of lower wages? Why will it be years or decades before Vietnam and other aspiring manufacturing destinations are ready to replace China in this role?
• Since most manufacturing companies can rarely exit China altogether, what are the alternatives? Just as importantly, what are the costs and downsides of these alternatives?
• What is the “China+1” strategy? Why is it called that? What is the strategic logic behind it? Does it make sense? If you were asked at a job interview to formulate strategic alternatives to leaving China altogether, would you mention the “China+1” strategy? What would you say about it?