Quote from bsdinsight on 9 December 2023, 04:19

Tóm tắc tài liệu như sau

• 🌏 Asia Pacific Growth:

  • Asia Pacific is a key driver of global growth, with the region expected to contribute to 70% of global growth over the next decade.
  • The Regional Comprehensive Economic Partnership (RCEP), the world’s largest free trade agreement, further strengthens Asia Pacific’s economic position.

• 🔄 Repositioning Supply Chains:

  • Businesses face challenges in repositioning supply chains for growth, considering competitive landscapes, next-gen technologies, and ESG integration.
  • CEOs must play multifaceted roles as diplomats, crisis managers, purpose evangelists, and digitally literate leaders in this shifting environment.

• 🌐 Global Economic Realities:

  • Economic volatility, driven by factors like inflation, energy crises, and geopolitical tensions, demands a shift from resilience to long-term growth strategies.
  • Transformation across the enterprise, including supply chains, is crucial for business survival and growth.

• 🌍 Competitive Landscape in Supply Chain Transformation:

  • Geopolitical and trade tensions prompt businesses to relocate supply chain components, intensifying the competition for new suppliers and locations.
  • Traditional “lift and shift” approaches are no longer sufficient; holistic and transformational changes are necessary.

• 📊 CEO Perspectives:

  • Supply chains significantly impact industry profitability in Asia Pacific, with CEOs investing in supply chain transformation.
  • Supply chain disruption, initially seen as a risk, can be an opportunity for necessary transformation and growth.

• 🌐 Location Considerations:

  • Alternative locations in the Indo-Pacific region offer various trade-offs in terms of workforce, infrastructure, and regulatory environments.
  • Considerations include labor costs, political risk, infrastructure, and skills availability.

• 🧠 Talent Management:

  • Attracting and retaining talent involves considerations beyond monetary compensation, including career progression, work/life balance, and cultural sensitivities.
  • Businesses must adapt to different ways of working, addressing technology skills shortages through upskilling and workforce development.

• 🌱 Sustainable Growth Strategies:

  • Winning over new suppliers involves value-adding differentiation, such as deep-tier financing, joint ventures, and investments in R&D.
  • Companies should look beyond government incentives and focus on access to talent and supplier pools for successful supply chain rebalancing.

• 🚀 Technology’s Role:

  • In response to external complexities, businesses need better forecasting and faster adaptation in their supply chains.
  • Leveraging technology, particularly digitization, can create transparent and autonomous supply chain ecosystems.- 🔄 Supply Chain Risks and Challenges:
  • 🌐 Many risks (trade preferences, disputes, climate, cyberwarfare) lie outside the enterprise’s internal data.
  • 📉 Relying on internal data alone for demand forecasting can lead to vulnerability.
  • 🛒 Example: Big retail chains faced losses due to late orders and changed customer preferences.

• 💡 Benefits of Technology Adoption:

  • 🤖 Improved efficiency and cost reduction through technology automation.
  • 🌐 Enhanced resilience with real-time visibility for risk identification and rapid response.
  • 🔍 Increased transparency and traceability in the supply chain.
  • 🌐 Enhanced customer experience with real-time tracking and personalized recommendations.
  • 🌱 Sustainability and ESG compliance through optimized transportation and reduced waste.

• 🔮 Next-Generation Technologies:

  • 💽 Cloud-based common data platforms lead in adoption and investment.
  • 🌐 Internet of Things (IoT) and connected devices show significant adoption.
  • 📊 Artificial intelligence/machine learning and blockchain gaining traction.
  • 🔄 Adoption and investment levels vary across technologies.

• 📊 Technology Adoption Trends:

  • 📈 AI and machine learning lead in C-suite spending, with 22% planning at least $5mn investment.
  • 📊 Survey reveals the adoption and investment levels in various technologies.

• 🌐 Data for Risk Management:

  • 🌐 Businesses gather diverse data types for risk management (cybersecurity, operational, market, etc.).
  • 📊 Source: PwC’s Global Risk Survey 2023.

• 📈 Digital Supply Chain Excellence:

  • 🚀 Investing in advanced supply chain capabilities yields lower costs, increased revenues, and better risk management.
  • 💻 Digital champions achieve significant savings and revenue increase in 22 months.

• 🌍 ESG and Sustainability:

  • 🌱 Assessing and managing environmental footprint, social responsibility, and governance.
  • 🔄 Turning ESG into a value driver for business growth.
  • 🌐 Top ESG challenges include varying standards and coordinating with suppliers.

• 🔄 Global CEO Survey Insights:

  • 🌍 Climate impact on supply chain decisions is underestimated globally but more acknowledged in Asia Pacific.
  • 📊 20% of Asia Pacific CEOs believe climate risk will significantly impact supply chains.

• 🌐 Regulatory Landscape for ESG:

  • 📜 Growing regulatory environment on ESG issues globally.
  • 🚦 EU’s Corporate Sustainability Due Diligence Directive introduces mandatory reporting from 2024-2028.

• 🔄 Key Takeaways:

  • 🚀 Align technology adoption with overall business strategy for long-term growth.
  • 🌐 AI-enabled control towers and digital twins offer real-time insights for decision-makers.
  • 💬 Continuous innovation is crucial for fortifying supply chains in the evolving global reality.

• 🌏 Circular Economy Policies:

  • Japan, China, Vietnam, and Indonesia have national circular economy policies/strategies.
  • Neighboring nations in the Asia Pacific region are developing sector-specific resource-efficiency circular policies.

• 📉 Carbon Border Adjustment Mechanism (CBAM):

  • The EU’s CBAM, a carbon tariff on carbon-intensive products, starts in 2026 with reporting requirements beginning earlier.
  • Many exporters in Asia Pacific are unprepared for the additional import charges.

• ♻️ Evolution of Supply Chains:

  • The definition of supply chains is evolving.
  • Addressing Scope 3 emissions, especially upstream and downstream activities, is crucial for a company’s overall carbon footprint.

• 🌐 Human Rights in Supply Chains:

  • Businesses in the Asia Pacific need to analyze and manage modern slavery and human rights risks.
  • Climate impacts and adaptation risks in key export locations have implications for workers and supply chains.

• 🌿 ESG Integration:

  • Sustainability is a driver of value, not just a cost.
  • Embedding ESG principles attracts stakeholders, enhances reputation, and can lead to increased brand loyalty and investor confidence.

• 💼 Steps for Supply Chain Rebalancing:

  • Elevate supply chain importance to the C-Suite for strategic management.
  • Differentiate value propositions for potential suppliers, sites, and talent pools.
  • Look beyond government incentives and invest in technology for long-term growth.
  • Make ESG a value driver for growth by embedding it in the overall supply chain strategy.
  • Proactively partner with suppliers to boost innovation and reduce risk.
  • Businesses in Asia Pacific must adapt to global supply chain challenges for sustained growth.

• 📈 ESG Growth in Asia Pacific:

  • Asia Pacific has the fastest percentage growth in ESG Assets-under-Management, forecasted to triple by 2026.
  • Most institutional investors report higher performance yields from ESG investing and are willing to pay higher fees for ESG funds.