After nearly two years of battling with pandemic-related supply chain distruptions, the focus for business leaders is gradually shifting from survival to longevity. Resilience and risk management frameworks remain part of the top line agenda as retailers and manufacturers glean insights from the pandemic era to navigate ongoing challenges like trade tensions, political instability and material shortages.
Through it all, the Asia Pacific has come up tops. Nearly 71% of globally relocated distribution has taken place in Asia with 55% of transfers unfolding in Southeast Asia alone. The region remains a key node in the global supply chain framework as emerging markets and developing economies drive it towards sustained GDP growth. Deeper market integration between China and ASEAN via robust trade policies is also helping to accelerate growth and encourage economic and trade cooperation. How will global supply chain trends in the region impact the rest of the world and what can organisations do to leverage opportunities for future sucess?
In this report, we examine the shifts in global sourcing and review supply chain movements in the region to provide key takeaways and recommendations for business leaders as they chart their strategies amid rising global uncertainty.
The C-suite has made it a priority to reinvent their supply chains to become more agile and resilient against these risks, with diversification of sourcing and manufacturing locations across Southeast Asian emerging markets. In 2023 and beyond, we can expect to see a strong push towards enterprise technology innovation and digital transformation, which should have help enable companies to build new capabilities and improve end-to-end visibility for better resilience.”
KPMG in Singapore