Building global supply chain resilience through regional distribution centres in Asean
Singapore, Malaysia and Thailand offer various advantages for businesses looking to tap into Asean's growth and rising middle class.
THE outbreak of the Covid-19 pandemic has caused disruptions to global supply chains.
The worldwide supply crisis and ensuing demand shock from countries' lockdowns and travel restrictions have exposed the supply chain and production vulnerabilities of many multinational companies. Businesses should reconsider their global supply chain strategy as they stay focused on meeting changing customer preferences.
While diversification is a strategic business decision that will take time to execute, it has been of focus for many companies as they look to broaden their base of suppliers to multiple locations. This also enables them to be nearer to their key customer markets so that they can continue to operate even if borders are closed.
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