More than half of business leaders surveyed in Asia-Pacific and Australasia plan to diversify their supplier base
Almost a third plan to switch to suppliers within their home market (14%) or region (19%), an increase from 4% and 10% respectively in 2021
97% of companies confirmed they are making changes to their supply chains due to geopolitical events
New research has revealed a major shift in globalisation, as companies rush to move manufacturing closer to home to protect against supply chain disruptions, while increasingly protectionist policies are breaking the world into trade blocs.
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