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Is Asia Losing Its Competitiveness?
This was the question eyefortransport explored in the second part of its Asia Pacific Hi-tech and Electronics Supply Chain Industry Survey
The eyefortransport report was compiled using the responses of 230 hi-tech supply chain and logistics executives that work directly with or in the Asia Pacific region. The report asks some important questions regarding the changing dynamics of the APAC region, and challenges respondents to question whether Asia has lost its competitiveness – as an emerging market, manufacturing hub, consumer base, innovation center etc.
While the answer to the question for most is ‘No’, the report reveals some interesting figures:
- 1/3 of manufacturer respondents felt Asia was losing its competitiveness
- 43.4% thought it was losing its competitiveness because of increased costs
- 54.4% point out that Asia still has a growing consumer base like nowhere else in the world
‘Clearly the dynamics of Asia’s economy are changing with positive and negative effects. This is especially the case in the hi-tech industry where despite rising costs, opportunities in such areas as eCommerce, aftermarket services and home delivery look to be on the rise.’ said Haley Garner, Research Director at eyefortransport. ‘The key will be to see whether the region’s market potential can out-strip rising costs.’
Asia’s changing dynamics will be a key discussion at this year’s APAC Hi-tech and Electronics Supply Chain Summits:
Complimentary passes for both are now available for senior supply chain executives working for manufacturers and retailers. Click the links above to see more information.