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亚马逊云账号(www.2km.me)_Post-Covid-19 supply chain agility and resilience

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亚马逊云账号

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For the past few years, many companies in the apparel sector have moved their production from China to Vietnam, following the attempts of many of the United States-headquartered multinationals to decouple their supply chains from China.Now, many of these companies are facing immense challenges due to their overreliance on one key location for the manufacturing of core products.( Labours wearing face masks work at a private factory after restrictions imposed for the past three months due to the coronavirus disease (COVID-19) pandemic were lifted, in Hanoi, Vietnam, October 1, 2021. - Reuters)

THE Covid-19 pandemic has affected all businesses in one way or another. Its impact on China, the “world’s factory”, and the subsequent knock-on effect, have sent shockwaves through the supply chains of most companies, globally.

There has been a huge slow-down in production and challenges have arisen around supply and logistics.

This, together with the ongoing trade tensions between East and West, have forced companies to rethink their supply chain strategies in order to successfully navigate the evolving landscape.

Product shortages and capacity constraints in the shipping sectors are pushing supply chain heads to reconstruct their supply chains and seriously explore other local or regional supply chain networks.

These disruptions have created a heightened interest in nearshoring (the transferring of a business operation to a nearby country from a more distant one) and omnishoring (a strategy involving multiple sourcing, manufacturing and supply locations according to products and end-demand markets).

For the past few years, many companies in the apparel sector have moved their production from China to Vietnam, following the attempts of many of the United States-headquartered multinationals to decouple their supply chains from China.Now, many of these companies are facing immense challenges due to their overreliance on one key location for the manufacturing of core products. Companies in the automotive and electronics sectors have also experienced major supply chain disruptions in the region. The need for supply chain resiliency and agility is more prominent now than ever.

During the pandemic, the companies that survived and thrived were those that were agile; did not heavily rely on just one or two large manufacturing locations; and acted quickly to shift production capacity to alternative locations.

It is clear that a company’s agility and ability to evolve, were and are, key sources of competitive advantage.

In Asia, the Asean region is an attractive destination for nearshoring relocations for a range of functions including shared services, regional headquarters, logistics and manufacturing. Markets across the region offer a variety of incentive regimes to help companies address their nearshoring challenges, in relation to real estate, energy, customs duties and requirements and corporate tax.

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