Regionalisation of supply chain networks benefits Asean and India
Supply chain migration to Asean economies gathers momentum on the back of strong foreign direct investment
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THE Covid-19 pandemic revealed the risks of a globalised supply-chain system focused on low costs that depends heavily on Asian (especially Chinese) manufacturers.
China’s stringent pandemic controls added to the tremendous supply-chain pressure and uncertainties caused by Covid-19.
On the geopolitical front, heightened tensions between the US and China have also increased the incentives for companies to reduce their dependence on China and to distribute production across multiple suppliers and regions.
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