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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.

    • 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
    Published Mon, May 2, 2022 · 01:23 PM

    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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