Strategic Shift in Asian Procurement: Finding New Opportunities and Strengthening Supply Chains

Join us on November 14, 2024, at the 59th BME Symposium for Procurement & Logistics in Berlin’s STATION venue, where we’ll explore the future of international trade and sourcing. The focus of this event, under the theme “Strategic Shift in Asian Procurement,” is how businesses can rethink their supply chain strategies in Asia to stay competitive while reducing risks in today’s unpredictable world.

Emerging Markets and Supply Chain Optimization

The global trade system is changing fast, with new markets rising as key players. One important topic will be the growing dependence on China for imports. Mathias Alt, CEO of GetAhead Supply Chain Solutions, and Jürgen Matthes, Head of International Economic Policy at IW Cologne, will share insights on how companies can take advantage of alternative Asian markets to improve their procurement strategies. Topics will include Supply Chain Diversification, Cost Savings, and sourcing in Vietnam, India, and other emerging markets.

De-Risking

Reducing Dependence on China To ensure long-term success, reducing over-reliance on Chinese suppliers is becoming increasingly important. De-Risking will focus on finding new procurement opportunities in Southeast Asia to reduce geopolitical risks and create more sustainable supply chains. With rising costs and global uncertainties, countries like Vietnam, India, and Indonesia provide excellent options for diversifying sourcing, lowering costs, and managing challenges more effectively.

Resilience

The Answer to Uncertainty A crucial forward-looking topic is supply chain resilience. With the greatest crisis since World War II and ongoing geopolitical conflicts severely disrupting global supply chains, procurement departments must be agile and able to reorganise quickly. Investments in technologies that enable swift adjustments and cost control are essential to complement the De-Risking approach.