Factory resumption eases supply chain constraints in SEA: WSJ
Factories have reopened and production is steadily picking up in major manufacturing centres of Southeast Asia as COVID-19 cases have dropped in recent weeks, easing some of the supply chain constraints that companies blame for lost sales, reported the US’s Wall Street Journal (WSJ).
Hanoi (VNA) - Factories have reopened and production is steadily picking up inmajor manufacturing centres of Southeast Asia as COVID-19 cases have dropped inrecent weeks, easing some of the supply chain constraints that companies blame for lost sales, reported the US’sWall Street Journal (WSJ).
In Malaysia, Vietnam, Indonesia and the Philippines, the numberof daily cases was lower than by a half compared to early September whenthey battled with the serious outbreak of COVID-19 caused by Delta variant.
The newspaper said Vietnam has considerably loosenedrestrictions since early October, making it easier for factories to reopen.
However, Apple CEO Tim Cook held that despiteimprovements in October, the situation in the region remains unpredictable.
✤ Peter Mumford, Practice Head, Southeast and South Asia at Eurasia Group,said the shortage of workers could still suspend full recovery in the comingmonths./.
Ministers of ASEAN, Australia, New Zealand, Japan, the UK, and East Asia sat down together at the virtual 26th ASEAN Economic Ministers (AEM) - Closer Economic Relations (CER) Consultations on September 15.
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On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.