Changes in APAC’s manufacturing supply chains are being accelerated by the impact of the global health pandemic, pushing both Swedish companies and their international counterparts to mitigate risks and consider diversification.

Asia’s global dominance in the manufacturing supply chain remains solid, and China’s position at the top is unchallenged. Trade dynamics across APAC are shifting as companies are looking to minimise risks exposed by the Covid-19 pandemic. But before the global healthcare crisis, domestic policies and rise of protectionist agendas were high on the agenda. But the primary drive for change continues to be the escalating US-China trade war that is forcing global companies to review their supply chain strategies.

Even before the fallout of the Covid-19 global pandemic, manufacturing companies with supply chains across APAC were reacting to local, regional and global challenges.

Original sorce: Business Sweeden

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