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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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    • Fast Auto Show Thailand and EV Expo 2023 trade show in Bangkok. According to the Federation of Thai Industries, more than 16,400 new EV cars were registered in the country in March 2023.
    • Fast Auto Show Thailand and EV Expo 2023 trade show in Bangkok. According to the Federation of Thai Industries, more than 16,400 new EV cars were registered in the country in March 2023. PHOTO: EPA-EFE
    Hugues Rialan

    Hugues Rialan

    Published Tue, Jul 18, 2023 · 06:30 PM

    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.

    CIO CornerAseanSupply Chain

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