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Australia undergoing ‘drastic’ supply chain changes
By Jerome Doraisamy|11 May 2021
Of all nations in the Asia-Pacific region, Australia appears to be in the midst of the most significant shifts in supply chains, production centres and attractiveness of alternate sources of supply.
Global law firm Baker McKenzie has published its
State of play:
Supply chains and trade realignment report, which surveyed over 800 business leaders across APAC in the first quarter of 2021 about trade disputes and increasing protectionism.
The findings show that two in three (67 per cent) of businesses in the Asia-Pacific region are in the process of transforming their supply chains and production centres, or they have already done so. Those based in Australia and Japan, the firm said, are “planning for the most drastic change” of all nations in the region.