The So What from BCG
Every Action Has a Supply Chain Reaction
Dec 18, 2024
Bitan Datta, BCG’s Asia Pacific leader in manufacturing and supply chains, dives into Asia's pivotal role in global supply chains. He emphasizes the balance of cost and resilience amidst geopolitical tensions. The discussion highlights Asia's manufacturing dominance, driven by countries like China and India. Datta also examines how digital solutions, particularly AI, are revolutionizing supply chain management, enhancing visibility and adaptability. He shares insights on the unique challenges companies face and the need for tailored strategies in this diverse market.
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Quick takeaways
- Asia's diverse supply chain landscape necessitates tailored strategies due to varying infrastructure and logistics challenges across different countries.
- The integration of digital solutions and AI is revolutionizing supply chain management, enhancing efficiency and visibility, particularly in consumer-facing sectors.
Deep dives
The Dominance of Asia in Global Manufacturing
Asia plays a crucial role in global manufacturing, accounting for over 55% of the world's output. Key countries such as China and India dominate sectors like steel and automotive, with more than half of the world's steel capacity located in these two nations. The continued cost competitiveness of Asia, bolstered by favorable labor rates and access to raw materials, has solidified its position as a leading manufacturing hub. Emerging markets in Southeast Asia and India are also contributing to this growth, further enhancing Asia's importance in the global supply chain.
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