Global supply chain: Lego to build $1bn factory in Vietnam

The image is from the same source.

The image caption is.

Lego invested a lot in China.

Lego plans to build a new manufacturing operation in Vietnam to keep up with growing demand for its products in Asia.

The project will be near the main business hub of Ho Chi Minh City and will cost more than $1 billion.

The company opened a plant in China five years ago.

The firm has seen double-digit growth in the region.

Lego's chief operations officer said that they were grateful for the support of the Vietnamese government in helping them build their first carbon neutral factory.

The site is going to be built next year with plans to match its energy consumption with solar panels on its roof and a nearby farm.

The plant is expected to create up to 4,000 jobs over the next 15 years.

It is the latest development in Lego's decade-long strategy of building production plants close to key markets, and comes after companies around the world have faced global supply chain issues during the coronaviruses epidemic.

The company said that it provides the flexibility to respond quickly to shifts in local consumer demand, shortens the supply chain, and reduces the environmental impact of shipping long distances.

The company said that it had not been accelerated by supply chain disruptions, but some experts think that it can be a lesson for other companies.

We should have hedged our bets a long, long time ago. "If you see demand coming from a certain direction, you've got to have alternatives," said Paula Rosenblum, managing partner of RSR Research.

The past two years have been challenging for some multinational companies.

The caption is media.

The Lego lion is for the lunar new year.