South-east Asia on the radar as global supply chains make big shift

[KUALA LUMPUR] The South-east Asian region is riding high as global supply chains shift, driven by geopolitical tensions and pandemic-related disruptions that are pushing more companies to adopt China+1 diversification strategies.

According to latest available data, foreign direct investment (FDI) into the region’s six major economies – Singapore, Indonesia, Malaysia, Vietnam, Thailand and the Philippines – surged 5.5 per cent to a record high of US$224 billion in 2022 from the previous year.

Singapore saw the highest increase in value, accounting for over 60 per cent of FDI in the region.