The Chain | August 6, 2024
The Chain | August 6, 2024
Stay up-to-date on supply chain trends in the Asia-Pacific region.
Welcome to a new issue of The Chain, an easy way to stay updated on supply chain, procurement and logistics news in Asia in one quick digest.
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🚨 Everyone's talking about...
Ship diversions hit main Asian hubs with $131 billion trade loss
The Ports of Singapore, Port Klang and Tanjung Pelepas have faced significant port congestion since the middle of June, with vessels avoiding the Red Sea.
📰 Other News
Logistics giant Lineage raises $4.44 bln in biggest IPO of 2024
Earlier in the day, Reuters exclusively said that Lineage had initially planned to sell 47 million shares and sold more because of strong demand.
Thailand’s SMEs in turmoil as manufacturing faces a downturn
The manufacturing sector continues to face a downturn, with working hours reduced since the first quarter of this year in both labour-intensive and technology-driven factories.
Is Vietnam losing its appeal for China's manufacturers bypassing US tariffs?
With China long established as the world's factory, the United States has led a push to divert manufacturing and supply chains away from the world's second-largest economy.
Taiwan raises manufacturing FDI in Vietnam for supply chain diversification: Savills
Taiwanese manufacturers have established firm footholds in Vietnam to diversify supply chains and mitigate product risks.
Vietnam moves toward greening logistics industry
Economists say developing a green supply network is the right direction for businesses that want to build an environmentally friendly brand.
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🔍 Insights
Logistics, supply chain challenges and opportunities for Asean arising from geopolitical tensions
Escalating geopolitical tensions have bolstered manufacturing activity and exports in Asean, strengthening the case for enhancing port and airport infrastructure and connectivity in the region.
Read more relevant news and updates on the SupplyChains Magazine.
📅 Upcoming Events
Supply Chain Meetup | August 8
Join supply chain, procurement, and logistics professionals from around the world for dynamic networking and knowledge sharing. Don't miss this opportunity to connect and learn together.
Register now at http://gscc.events/meetup
Supply Chain Visibility APAC Forum (Experts Panel) | August 15
Discover the latest innovations and advancements in supply chain visibility, as well as guidance on overcoming common challenges like increased global complexity, regulatory scrutiny, and evolving IT demands.
Register now at https://gscc.events/gsf
Indirect Procurement Forum (Experts Panel) | August 29
Focuses on the critical aspects of indirect procurement, providing comprehensive insights into how leading companies across Asia-Pacific.
Register now at https://gscc.events/ipf
For the full calendar of meetups, webinars, forums and summits, click here.
📺 Featured Video
🧰 Startups & Innovation
See the latest supply chain startups and solutions on ChainTech
🎤 ChainTech Show
Michael Currie, Founder & CEO of Fling
We sit down with Michael Currie, the founder and CEO of Fling. Fling is a digital twin supply chain SaaS enterprise that deploys generative AI to automate stock checking in warehouses.
🚨 List
Top 10 Sustainability Software Startups in Asia
Sustainability tracking, reporting, and ESG considerations have become imperative for modern supply chain professionals. Here are the top startups focused on ESG and sustainability software technology.
📈 Chart/Image of the week
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🤝 Last but not least
Join GSCC Members' Portal — GSCC.Pro
We are pleased to present the newly upgraded GSCC Members' Portal, crafted with a primary objective of enabling effortless access to the array of membership benefits.
That's all this week, I hope you enjoyed this week's issue of The Chain!
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