How to transition your supply chain out of China?
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Glovendor’s Europe Procurement Network
150+
Product & Shipping Vendors across 6 Verticals
12+
Sourcing Agents across 10 Countries
100%
Project Success Rate
Top Destinations
Italy
Portugal
France
Poland
Finland
Ukraine
Germany
UK
Hungary
Overview
In 2022, the value of sold production in the European Union amounted to €6 179 billion, an increase of 19 % compared with €5 209 billion in 2021 (current prices).
Trends
Eastern Europe is becoming an attractive alternative to China with a solid engineering talent pool.
Made in Europe continues to hold a high brand value for luxury fashion products, automobiles and food & beverage.
With the increasing geopolitical issues with Russia and China, local production is getting more attention.
Benefits
Faster lead times if you are based within the Eurozone
0% duty if you are within the Eurozone
Higher quality
Compliant with ethical and labor standards
Intellectual property protection
High product value for specialized manufacturing in Italy, UK etc.
Risks
Can get expensive
Political instability due to Russia-Ukraine war
Language problems
Labor unions
Top Products
Textiles
Food & Beverage
Metals
Automobiles
Electronics
Verdict
Europe is a great manufacturing destination if you want to get specialized products manufactured where brand value matters like chocolates, automobiles, luxury fashion products etc. Eastern Europe is not as expensive as Western Europe and there are many tax advantages within the Eurozone.
Blog
How to find the right manufacturing partner?
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© 2024 Glovendor Corp. All rights reserved
© 2024 Glovender Corp. All rights reserved