The COVID-19 crisis has disrupted the global economy and highlighted vulnerabilities of today’s complex global production systems. Companies across Asia had to re-examine their internationalization strategies and make strategic and operational changes in order to ensure greater robustness and resilience across supply chains. To shed more light on how value chains could be shifting in the near, medium and long-term future, the Singaporean-German Chamber of Industry and Commerce (SGC), in partnership with the FES Office for Regional Cooperation in Asia, has undertaken a large-scale study that puts the emphasis on response measures and trend expectations across different industries and sectors.
With 337 participating companies from throughout the German Chamber (AHK) Network in the Asia-Pacific, the report provides a uniquely comprehensive data set showing how businesses are coping with the COVID crisis and preparing for the “new normal”.
The survey’s main findings reveal a complex picture and offer insights on global and regional trends:
Download the full study here:
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