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...
World's apparel, sneakers hub Vietnam struggles as US ban on Xinjiang cotton bites.
Labourers work at a garment factory in Bac Giang province, near Hanoi October 21, 2015. Vietnam's textiles and footwear would gain strongly from the TPP, after exports of $31 billion last year for brands such as Nike, Adidas, H&M, Gap, Zara, Armani and Lacoste.
📰 Other News
Taiwan Sees Accelerating Shift of Production Away From China
Concerns about tech security and pandemic-related disruptions are propelling firms to move more production away from China, according to a senior Taiwanese official.
Deal to deliver Cambodia’s new logistics complex, promote regional connectivity and integration.
The International Finance Corporation (IFC) and the Ministry of Public Works and Transport have signed a new agreement to establish a public-private partnership (PPP) for a logistics complex in Preah Sihanouk province.
New Overtime Restrictions Loom over Japan’s Logistics Industry.
Regulations to limit overtime for truck drivers will be introduced in April 2024, which will have a negative impact on the logistics industry and the economy.
GIC to buy Japan logistics assets from Blackstone for $800m.
Singapore sovereign wealth fund GIC will buy a portfolio of six logistics assets in Japan from Blackstone for more than $800 million, reflecting strong appetite for logistics real estate.
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🔍 Insights
Thailand emerges as major link in EV supply chain
Thailand plans to increase domestic EV sales and promote green mobility among its citizens. Its EV supply chain projects include Hyundai Motor's EV production plant and BYD's EV assembly plant.
Geopolitics, container shipping rates and an ominous sign from Taiwan
The spread in freight rates between China and Taiwan is an outlier, underscoring the role of geopolitical risk. It's moving in the opposite direction to what we've seen in other trades, where they've really been coming down.
Read more relevant news and updates on the Supply Chain Asia blog.
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📺 Featured Video
🧰 Startups & Innovation
ZEBOX, an incubator for supply chain startups, launches its Asia hub in Singapore
An international accelerator network founded by shipping conglomerate CMA CGM, has opened its APAC headquarters in Singapore. It will also look at markets like Indonesia, Malaysia, Taiwan, Japan and Korea.
See the latest supply chain startups and solutions on ChainTech
🎤 ChainTech Show
Michiel Valee, Co-Founder of Dockflow — www.chaintech.show
We interviewed Michiel Valee of Kamion and discussed his background, what made him starting the company, the type of solutions they provide, the competitive landscape and much more...
📈 Chart/Image of the week
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Interesting chart this week. From what I could find, decline is caused by:
- Economic slowdown in China and less need for semiconductors from South Korea (even though Taiwan semiconductor exports are up slightly)
- South Korean exports are affected by prolonged trade dispute b/w US and China and changes in supply chain from covid-19 pandemic
- No specific case for Taiwan other than worsening state of the global economy