Latest News about supply chain
Vietnam’s wooden furniture industry was expected to have a prosperous year in 2020 after the US-China trade war broke out in 2019. But hopes have been dashed by Covid-19.
More and more foreign invested enterprises (FIEs) in Vietnam have begun exporting woodwork products as Vietnamese enterprises increasingly lose market share.
In early February, in the minds of most of us, COVID-19 was still a China-specific problem. Yet, the strict lockdown imposed early in China generated rapidly unprecedented chaos in global supply chains.
The global relocation of supply chain links from China to Vietnam will continue, despite the coronavirus pandemic, according to the latest report released by JLL.
From demand for orange juice to vegetables left unpicked, our usual supply chains have been upended.
Management agencies have put in place drastic steps in a bid to support businesses as they actively seek out sources of raw materials to be used in production whilst boosting trade promotion activities.
The difficulties in the global pandemic are opportunities for Vietnam to expand its role in the global supply chain.
As the coronavirus outbreak shows no sign of slowing down, supply chain leaders are urged to mitigate instant disruption and plan for their short- and long-term performance.
While the recent trade tensions have merely accelerated the movement of supply chains to Vietnam, they were not the trigger.
Adopting advanced technology and improving the localisation ratio of materials and accessories are textile and garment enterprises’ best chance.
A fair and efficient supply chain plays an important role in the development of any sector.
Having in place an inclusive supporting industry is vital for the country to boost the competitiveness of Vietnamese-made products in the global market.