Reality check for Asia-Pacific supply chain
Asia-Pacific executives are rethinking their supply chains relative to their global counterparts. The Asia-Pacific cohort is actually ahead in most measures of recovery planning, where:
55% plan to change management of workforce (compared to 39% globally)
47% plan to change speed of automation (compared to 36% globally)
39% plan to change digital transformation (compared to 31% globally)
At first glance, the stance of Asia-Pacific business leaders in making changes to their supply chains appears to conflict with the attitudes of foreign businesses in China, specifically. A recent survey conducted by the American Chamber of Commerce in China suggests 84% of survey respondents have no plan to relocate their manufacturing operations out of China, down from 92% in 2017 and 90% in 2018.