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SMEs in Asia being challenged to rethink their supply chain strategy

Region's financial ecosystem must help meet industry demand for alternative financing options.

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Published Mon, May 2, 2022 · 01:23 PM
    • PHOTO: Tackling crippling supply chain challenges would require businesses to shift away from existing models that relied on lean inventories and just-in-time delivery.
    • PHOTO: Tackling crippling supply chain challenges would require businesses to shift away from existing models that relied on lean inventories and just-in-time delivery. AFP

    MORGAN TERIGI

    THE Ukraine conflict is the latest wave of disruption to sweep worldwide. The resulting shockwaves are felt here in the Asia Pacific, compounding the challenges small-and-medium enterprises (SMEs) are already facing, including a shaky pandemic recovery and a strained global supply chain.

    Even before the war, the global supply chain was already fragile. Global shipping schedule reliability dropped to a record low in January 2022, causing global shipment delays and supply shortages.

    Supply ChainSMEsTrade finance

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