📊Executive Summary

Vietnam's electronics manufacturing sector is experiencing a significant downturn, with major companies like Samsung cutting production and reducing worker hours due to a global slump in demand for electronics. In the first five months of 2023, 45,000 jobs were lost in the industry, and the export value of electronics components dropped by nearly 25% year-on-year. This situation highlights the fragility of supply chains and the reliance on consumer demand, which has declined as inflation impacts spending. Procurement teams should prepare for potential sourcing challenges as companies adjust to reduced demand and inventory levels....