HSBC Commercial Banking’s Post

Global trade is rapidly changing with corporates looking for ways to navigate headwinds and enhance the resilience of their supply chains. Find out what has been influencing supply chain strategies and how corporates are building a more digital and sustainable supply chain in our latest webinar. Watch the replay: https://lnkd.in/ghjaZjgN Vivek Ramachandran Aris Dacanay Michael Hardwick Stephen Ashworth Peter Liddell Ian Tandy MBE Stuart Rogers Asanka Abeyasinghe Huong Bui #SupplyChains #NetworksOfTomorrow

HSBC Bank - Watch the replay of Networks of Tomorrow – The future of supply chains webinar, 22 June 2023.

The article outlines how supply chains are adapting to a changing global trade landscape, emphasizing trends like nearshoring, automation, and sustainability. It highlights the shift away from traditional practices towards resilience, regionalization, and supplier diversification. Companies are moving production closer to consumers, diversifying suppliers, and adopting automation to enhance resilience. Balancing risks and rewards, particularly regarding increased costs associated with diversification, is a key consideration. Regulatory pressures, such as expanded environmental rules, add complexity to these efforts. Overall, the article underscores a significant transformation in supply chain management towards greater adaptability and resilience. https://lnkd.in/daddj3sD