Trade remains the bedrock of the global economy, so corporates in Asia and around the world financial decision makers are constantly making supply chain decisions to ensure resilience and adaptability in their business operations.
This year, we partnered with East and Partners for the third edition of HSBC Supply Chains Research – Networks of Tomorrow. We spoke to over 750 financial decision makers from corporates across 14 markets worldwide*. Over 80% of responses originated from corporate treasurers from organisations ranging from mid-market enterprises to large corporates.
In Singapore, we observed that disruptions to global supply chains and the resulting logistical challenges have caused just-in-time inventory management to give way to just-in-case. Nearly 5 in 6 (84%) Singapore corporates have held excess stock over the last two years, with an average increase of 33%.
At a time when "supply chain resilience" is increasingly heard on earnings calls, 2 in 3 (66%) Singapore corporates are looking to reduce their number of suppliers, up from 63% in 2022.
