Disruption & Innovation: Reshaping Regional Supply Chains
15 September 2021: Supply chains have come under immense strain in the last two years, primarily due to geopolitical tensions in the region and the impact of COVID-19. These factors have resulted in rising costs, shipping delays, fluctuating inventory levels and business disruption.
These rolling crises have driven many businesses to re-assess lowest cost, just-in-time logistics and build greater resilience into their supply chains.
To remain globally competitive, businesses need to understand how supply chains in Asia are evolving and respond accordingly.
Disruption & Innovation: Reshaping Regional Supply Chains identifies four key trends that are impacting regional supply chains:
- To manage an increasingly uncertain environment, businesses are diversifying suppliers, onshoring production and increasing inventories.
- E-commerce is creating pressures and opportunities. Driven by Asia’s e-commerce boom, consumers expect their goods delivered more quickly and reliably than ever.
- Businesses that invest now in new technologies, such as automation, smart sensors, and data analytics, will be better prepared to integrate with rapidly evolving regional distribution networks.
- Evolving consumer expectations around environmental sustainability and social impact will continue to change how businesses engage suppliers in the region.