AS BUSINESS gradually resumes in the recovery phase of Singapore's pandemic response, manufacturers here are making major changes to their supply chains and operations in facilities both locally and abroad. This is both to comply with regulations and to ensure they are well-prepared for similar crises in future, they told The Business Times.
Consultants said most companies will likely diversify their supply chains and operations by choosing suppliers closer to home in the short term, while setting up facilities in more countries.
"The risks of outsourcing production are seen when supply chains do not have the resilience to cope with disruptions. In the short term, we may see the shift...