Supply chains and more specifically, the disruption of supply chains have never been more in the spotlight than since the onset of the COVID-19 pandemic. Supply chain teams around the world have been called upon to rapidly adapt to volatile conditions as lockdowns swept across the globe causing scarcity of product, which has also been subsequently compounded by acute bottlenecks.
The redesign of supply chain and logistics networks in light of geopolitical, technological, demographic and urbanisation trends has been especially prevalent over recent years to optimise the combination of supplier, manufacturing, inventory, storage, and distribution flows to meet the needs of customers in the most cost-effective way.
This report, The Role of Asia Pacific in Global Supply Chains External Link, is the first in a series by Cushman & Wakefield focussing on the impacts of disruption, customer buying behaviour and the underlying megatrends on the design of supply chain and logistics networks.
Key factors shaping the future of supply chain networks
An efficient and robust supply chain network will allow supply chain companies to capitalise on proximity and speed to market as their key differentiator.
Let us look at some of the factors that will shape the future of supply chain networks.
- Corporations need to optimise and/or build-out their logistics and industrial networks in the Asia region to keep up with the growth of intraregional trade in Asia, ensuring a high level of flexibility, responsiveness and efficiency.
- Network configuration, facility location and building specification are three key real estate considerations that will contribute to a successful supply chain design.
- Companies should closely evaluate the benefits to their logistics operations from adopting automation, technology, and predictive analytics to facilitate a more accurate and efficient planning of inventory, accelerating order fulfilment and space efficiency as a result.
For more information, please download "The Role of Asia Pacific in Global Supply Chains" .