SINGAPORE - A broad overhaul of global supply chains is gradually picking up pace, with the focus now shifting from cutting costs to building resilience against unforeseen shocks like the coronavirus pandemic.
Companies in Singapore that are directly or indirectly involved in the supply chains of large corporations should start to invest now in building resilience in their own supply channels to be compatible with the changes.
Already a subscriber? Log in
Dive deeper at $0.99/month
Want more exclusives, sharp insights into what's happening at home and abroad? Subscribe to stay informed.
ST One Digital Package - Monthly
$9.90 $0.99/month
No contract
$0.99/month for the first 3 months, $9.90/month thereafter. T&Cs apply.
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
2-week e-paper archive so you never miss out on any topic that matters to you