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\"Having
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As the trade landscape evolves, companies are seeking to recalibrate supply chains to stay competitive \u2013 but how can they ensure they get it right? <\/p>

Across Asia Pacific, momentum in supply chain diversification is at an inflection point. In the face of ongoing geopolitical tensions, high inflation and interest rates, supply uncertainty, and an economic downturn in key markets such as China, companies of all sizes recognize that they need to recalibrate their supply chains to stay competitive.<\/p>\n

As a result, some businesses are adopting friendshoring<\/a>, nearshoring, and reshoring practices; establishing parallel supply chains; and employing dual sourcing. A new study<\/a> reveals that a third of Asia Pacific business leaders are diversifying their firm\u2019s supplier base in these ways.<\/p>\n

However, global research<\/a> on \u2018the great supply chain reset\u2019 shows that a piecemeal approach to boosting resilience and enhancing supply chain performance may not be enough. Rather than adjusting specific aspects of the supply chain, successful reassessment lies in more comprehensive end-to-end restructuring \u2013 from strategy and sourcing to manufacturing, packaging, storage, and transportation, including last-mile delivery options.<\/p>\n

The opportunities for companies that get it right are significant: Asia Pacific\u2019s exports and imports are projected to grow over 5 percent<\/a> in 2024, making it the fastest-growing region globally.<\/p>\n

So, how can Asia Pacific companies \u2013 from small businesses to multinational corporations \u2013 embrace a holistic approach to restructure their supply chains? What should they include in their strategic planning for resiliency?<\/p>\n

RELATED ARTICLES<\/strong><\/p>

<\/figure><\/a>Softening U.S.-China trade delivers a win for Asia Pacific<\/strong><\/a>Amidst diminishing trade between the U.S. and China, Asia Pacific emerges as a pivotal region driving global trade growth.<\/p>

Building a supply chain strategy on solid foundations<\/h2>\n

Taking an end-to-end approach to building more robust networks across markets requires companies to rethink where they operate, the materials they source, the suppliers they buy from, their production processes and operating model, and their physical supply footprint.<\/p>\n

\"Companies
Companies need to take a holistic approach toward planning their supply chain assessment.<\/figcaption><\/figure>\n

However, for companies of any size, the sheer scale and complexity of reorienting their supply chain model in these ways can be daunting. While commercial considerations like supplier cost, quality, and reliability are essential to setting up a supply chain, these are just a few components of the broader picture.<\/p>\n

\u201cCompanies need to go much further in their calculations and consider any geopolitical and regulatory factors that may impact how their business operates,\u201d says Raymond Yee,\u00a0 Asia Pacific Vice President for Customs & Regulatory Affairs, DHL Express. \u201cIn addition, could impending sanctions or export control rules be in the pipeline that might affect how you aim to do business with the U.S. or China, for example? It is about balancing risk and opportunity across multiple dimensions and jurisdictions.\u201d<\/p>\n

Conducting in-depth infrastructure assessments<\/h2>\n

Companies must also carefully assess the infrastructure of potential locations as they hone their diversification strategies. This allows them to better understand the risks associated with supply chain disruptions.<\/p>\n

For example, evaluating the efficiency of a country\u2019s transportation network can help companies accurately assess lead times and transportation costs. That, in turn, can help them optimize shipping routes and enable the smooth movement of goods across the supply chain. A detailed infrastructure assessment can also ensure company compliance with regulations related to issues such as energy efficiency \u2013 identifying areas where energy is being wasted, for example.<\/p>\n

Research shows<\/a> that understanding how to supercharge last-mile delivery options to reach customers efficiently \u2013 especially in diverse geographical areas \u2013 is another vital component of such an approach.<\/p>\n

\"The
The importance of last-mile delivery for supply chain diversification cannot be understated, especially for obscure locations.<\/figcaption><\/figure>\n

Last-mile delivery bridges the gap between the transportation hub (such as a warehouse or fulfillment center) and the customer\u2019s doorstep. It is the critical step that directly influences customer satisfaction. It may involve strategic partnering with local delivery services, investing in logistics infrastructure, and implementing innovative delivery solutions such as drones and autonomous vehicles.<\/p>\n

More importantly, the last-mile delivery should be in the initial planning, rather than an afterthought as the final fulfillment of the supply chain. It is an essential step that should be integrated into the overall supply chain diversification strategy, thus closing the loop with streamlined efficiency.<\/p>\n

Understanding evolving customs practices<\/h2>\n

Companies seeking to refine their diversification strategies must stay informed about evolving global trade and customs regulations to ensure compliance, minimize the risk of supply chain disruption or optimize costs and efficiency.<\/p>\n

\"Multiple
Multiple countries, regions, and trade bodies are now implementing or proposing changes to customs regulations in response to the growth of e-commerce.<\/figcaption><\/figure>\n

There has been a significant increase in cross-border goods purchased via e-commerce platforms which are now presenting itself as a challenge to customs authorities. However, a holistic approach to regulating e-commerce is required; e-commerce also presents a significant opportunity for small and medium enterprises to enter the global market to sell their wares.<\/p>\n

Besides this, the World Trade Organization (WTO) moratorium on e-commerce tariffs, agreed since 1988, is expected to end. WTO predicts that the first customs duties on digital products<\/a> such as software downloads and online films will impact businesses in 2026, when the moratorium expires.<\/p>\n

Other upcoming changes include the Carbon Border Adjustment Mechanism<\/a>, a proposed European Union (E.U.) tariff on carbon-intensive products such as cement, electricity, iron, steel, and fertilizers. However, its scope could also extend to indirect emissions, potentially increasing the cost of exporting to the E.U. across a broader range of goods and services.<\/p>\n

Providing visibility across the supply chain<\/h2>\n

As Yee points out, customs agencies are also implementing more stringent safety and security screening procedures at borders to prevent the movement of illicit goods, including counterfeit products.<\/p>\n

\u201cCustoms authorities are now becoming far more focused on enforcing trade compliance regulations to ensure that imports and exports comply with regulatory requirements,\u201d he said.<\/p>\n

For example, amid growing awareness of human rights issues related to supply chains, such as forced labor and child labor, customs agencies, as seen in some countries, may seek to enforce regulations on these issues by inspecting shipments and ensuring that products are not produced under exploitative conditions.<\/p>\n

\u201cGiven these increasing demands for transparency and accountability, it\u2019s more important than ever that companies can provide visibility across the whole supply chain and demonstrate adherence to regulations and ethical sourcing practices, although this will no doubt be challenging,\u201d says Yee.<\/p>\n

RELATED ARTICLES<\/strong><\/p>

Taking advantage of solid trade connectivity<\/h2>\n

Despite changing supply chain dynamics, new research from DHL highlights that trade connectivity remains in robust health. As the DHL Global Connectedness Report 2024 shows<\/a>, ongoing efforts to strategically de-risk supply chains are helping to maintain strong global connectedness, with Asia Pacific poised to emerge as a critical hub for trade growth.<\/p>\n

Companies can leverage free trade agreements (FTAs)<\/a> to help diversify their supply chain. They can tap into new consumer bases by accessing markets with reduced trade barriers and expand their reach.<\/p>\n

In Asia Pacific, the accelerating implementation of deals such as the ASEAN Free Trade Area<\/a> is enhancing companies\u2019 market access in these ways. Another key FTA is the Regional Comprehensive Economic Partnership (RCEP). Encompassing 30 percent of the world\u2019s GDP and population, and including major Asian economies such as China, Indonesia, Japan, and South Korea, the RCEP is already enhancing growth prospects across the region<\/a>.<\/p>\n

RELATED ARTICLES<\/strong><\/p>

<\/figure><\/a>DHL Trade Atlas 2025<\/strong><\/a>Learn more about how global trade continues to grow amid trade policy uncertainty.<\/p>

Empowering supply chain management with relevant knowledge<\/h2>\n

To help them make the most of these opportunities as they diversify their networks, companies require a strong logistics partner that can provide guidance on the trade environment while also enhancing export capabilities.<\/p>\n

Logistics firms such as DHL Express act as a knowledge hub for such trade and customs matters. For example, its AI-powered My Global Trade Services (myGTS) platform helps shippers easily retrieve customs information to pre-plan shipments as they access new markets. The free-to-use, self-serve online platform lets businesses compare trade lane regulations and requirements. \u201cThe new trade lane comparison capability helps SMEs enhance the understanding about customs requirements and landed cost. It aligns with our commitment to providing innovative solutions to help SMEs lower major trade barriers and become more confident in cross-border trade activities,\u201d said Yung C. Ooi, Asia Pacific Senior Vice President for Commercial, DHL Express.<\/p>\n

RELATED ARTICLES<\/strong><\/p>

<\/figure><\/a>Simplified shipping with DHL's myGTS<\/strong><\/a>DHL Express\u2019 free online portal, Global Trade Services (MyGTS) makes it easy for you to research customs and regulatory information.<\/p>

Enabling future growth<\/h2>\n

Supply chain diversification presents substantial opportunities for Asia Pacific companies to mitigate risks and strengthen their competitive position.<\/p>\n

By understanding the wider factors shaping today\u2019s dynamic global trade environment, they can make more informed decisions about where to operate and how to structure supply chains for resilience. Strategic partnerships will be crucial for effectively navigating the challenges of supply chain transformation and setting the foundation for long-term enterprise growth.<\/p>\n","post_title":"Supply chain diversification success starts with strategic partnerships","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"supply-chain-diversification-success-strategic-partnerships","to_ping":"","pinged":"","post_modified":"2025-10-20 16:19:07","post_modified_gmt":"2025-10-20 08:19:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/lot.dhl.com\/?p=57084","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},"custom":{"thumbnail":false,"title":"","excerpt":"","cta":"Read more","linkmail":false,"cta_url":"","email_address":"","outbound_email_subject":""},"select_existing_outbound_links":false}]},{"acf_fc_layout":"wysiwyg","wysiwyg":"

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\"With
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The nuanced interplay of economic policies, trade agreements, and regulatory reforms is driving supply chains to nearby shores. <\/p>

When optimizing supply chain logistics, nearshoring is a strategic move to mitigate market volatility, geopolitical uncertainties, evolving consumer preferences, and other complexities.<\/span><\/p>\n

The proximity of manufacturing operations to domestic markets contributes to the agility and competitiveness of the supply chain. This strategic realignment minimizes supply chain disruptions, enhances speed-to-market, and fosters closer relations and collaborations between production and consumption centers. As a result, companies can respond more quickly to shifting market trends.<\/span><\/p>\n

Cost considerations, such as labor expenses, transportation costs, and currency fluctuations, play a role in deciding nearshoring practices. Market proximity, supply chain resilience, quality control, and intellectual property protection also play a part.<\/span><\/p>\n

Government policies contribute significantly to incentivizing domestic production and fostering economic growth through nearshoring. Across Asia-Pacific, governments have implemented several policy interventions to attract nearshoring investments and enhance the competitiveness of local industries.<\/span><\/p>\n

RELATED ARTICLES<\/strong><\/p>

<\/figure><\/a>Not so farfetched: When nearshoring becomes mainstream<\/strong><\/a>Companies are bringing supply chains closer to home as a key strategy to build more diversified, flexible supply chains.<\/p>

Proximity pays off: the pros of nearshoring in a volatile market<\/span><\/b><\/h2>\n

Singapore\u2019s strategic location makes it an attractive nearshoring investment site, but its rising costs may act as a deterrent. <\/span>In response to <\/span>potential inflation due to nearshoring<\/span><\/a>, and the <\/span>Organisation for Economic Cooperation and Development (OECD)\u2019s global minimum corporate tax rate of 15 percent<\/span><\/a>, <\/span>which takes effect from 1 January 2025, Sing<\/span>apore announced the <\/span>Refundable Investment Credit<\/span><\/a> scheme, with a refundable cash feature. This scheme <\/span>offers tax credits to be offset against payable corporate tax<\/span><\/a>. or companies to set up or expand existing manufacturing operations in Singapore, contributing to its economy. Companies are eligible for 10 years; thereafter, unused credits will be <\/span>refunded to the companies in cash.<\/span><\/p>\n

\"Tax
Tax incentives are a key policy lever utilized by governments. These incentives may include tax breaks, credits, exemptions, or reduced tax rates for nearshoring companies.<\/figcaption><\/figure>\n

This encourages businesses to invest in new capabilities while expanding or developing their operations within Singapore, boosting domestic production. They can expect to receive support for capital expenditure, manpower costs, training costs, and the like, with the cash refunds <\/span>helping to cushion expenditures<\/span><\/a>. With a focus on <\/span>high-value and advanced activities<\/span><\/a>, this scheme aims to increase Singapore\u2019s edge in innovation and technology.<\/span><\/p>\n

Within Malaysia, the Federation of Malaysian Manufacturers has also encouraged the nation to set its sights upon nearshoring to <\/span>shift its dependence somewhere closer to home<\/span><\/a>, amid import and export challenges due to the shortage of shipping containers as a result of the Red Sea conflict.<\/span><\/p>\n

Over the years, multinational corporations (MNCs) like DexCom and Bosch Group have <\/span>flocked to Penang<\/span><\/a>, the <\/span>Silicon Valley of the East<\/span><\/a>, to establish manufacturing capabilities for medical technologies, automotive components, and the like. Malaysia has set up its Reinvestment Allowance initiative to support the manufacturing sector\u2019s growth. Under this scheme, companies could pay as little as 0 percent tax for 10 to 15 years, should they have elected to invest a minimum of MYR 300 million (\u20ac63.9 million) or MYR 500 million (\u20ac106.5million) respectively in the manufacturing sector.<\/span><\/p>\n

Companies that relocate their manufacturing facilities to Malaysia could also pay 0 to 10 percent tax for up to 10 years. <\/span>While the application period ended in 2022, companies can apply to extend their allowances for an assessment period up to 2024<\/span><\/a>. This encourages modernization and productivity enhancements, ensuring traditional sectors remain competitive.<\/span><\/p>\n

RELATED ARTICLES<\/strong><\/p>

<\/figure><\/a>How Industry 4.0 technologies are powering the nearshoring trend worldwide<\/strong><\/a>Nearshoring first gained ground as a way to mitigate disruptions caused by the pandemic and trade tensions. Now technology is driving a long-term shift.<\/p>

Government gambits<\/span><\/b><\/h2>\n

Countries also draw on trade agreements to promote nearshoring initiatives. Regional trade pacts and bilateral agreements shape the flow of goods, services, and investments across borders. Because such trade agreements help to foster favorable trade conditions, with reduced tariffs and consistent regulatory standards, nearshoring companies face fewer barriers to entry. Implementing such agreements also creates economic synergies that enhance the competitiveness of APAC countries in the global marketplace.<\/span><\/p>\n

The <\/span>Regional Comprehensive Economic Partnership (RCEP) Agreement <\/span><\/a>is the world\u2019s largest Free Trade Agreement (FTA). A collaboration between 15 countries in the APAC region, the RCEP contributes to about 30 percent of global GDP. <\/span>Vietnam, in particular, benefits immensely <\/span><\/a>from this FTA, as reduced tariffs and duties on goods and services grants the country increased access to regional markets.<\/span><\/p>\n

\"Due
Due to added cost-efficiency, increased export opportunities allow Vietnam to diversify its revenue streams through an expanded customer base.<\/figcaption><\/figure>\n

Because guidelines are clearer, Vietnam can also improve supply chain participation, and regional integration becomes easier. This has led to <\/span>higher complexity investments in the country\u2019s technology sector<\/span><\/a>, shaping it to be a key player in nearshoring plans.<\/span><\/p>\n

As countries and companies look to diversify beyond China for their supply chain demands, <\/span>Vietnam poses an attractive choice<\/span><\/a>, its strategic location further bolstered by the RCEP. In the long run, this will also allow the country to expand its clientele beyond RCEP countries, strengthening its economic independence.<\/span><\/p>\n

The Australia-India Economic Cooperation and Trade Agreement (ECTA) has made 96 percent of Indian exports to Australia tariff-free, and this number is slated to increase to an astounding 100 percent by 2026. It has also allowed over <\/span>85 percent of Australian exports to India to be tariff-free<\/span><\/a>, and this number is expected to rise to 90 percent by 2026. <\/span>The collaboration allows Australia access to India\u2019s market of 1.4 billion people, presenting a myriad of opportunities for trade diversification.<\/span><\/p>\n

In turn, as India continues to develop its infrastructure, <\/span>it will be able to tap on Australia\u2019s<\/span><\/a> agriculture, critical minerals, skills training, and healthcare resources. On top of that, these lower tariffs lead to reduced cost of importing raw materials and intermediate goods from India to Australia and vice versa, making it more fiscally attractive to relocate production plants closer to target export markets, to maximize reduced costs.<\/span><\/p>\n

With nearshoring, closer economic ties are fostered through bilateral trade, decreasing dependence on distant markets, and leading to a more sustainable supply chain that is resilient and less subject to geo-political tensions and other disruptions.<\/span><\/p>\n

Success in the sandbox<\/span><\/b><\/h2>\n

Regulatory reforms aimed at streamlining business processes and enhancing the ease of conducting business are also instrumental in attracting nearshoring investments. Governments may enact reforms to streamline licensing procedures, expedite permits, and reduce bureaucratic hurdles for companies establishing operations domestically. By creating a conducive regulatory environment, innovation and entrepreneurship are fostered, and investment inflows increased, thereby catalyzing economic growth and job creation.<\/span><\/p>\n

The <\/span>Regulatory Sandbox Initiative in South Korea<\/span><\/a> creates an environment where businesses can experiment with innovative products and services without the constraints of existing regulations. This flexibility can attract companies to shift their operations closer to home, encouraging businesses to relocate or establish their R&D and manufacturing operations in the country. This reduces their reliance on foreign production sites, leading to more domestic production.<\/span><\/p>\n

\"An
An innovative environment has attracted tech companies and startups, leading to the development of advanced manufacturing and technology hubs in South Korea.<\/figcaption><\/figure>\n

The initiative also speeds up the process of bringing new products and services to market by simplifying regulatory approval processes, reducing time-to-market for innovations and products, establishing South Korea as an attractive location for businesses that prioritize agility and quick deployment of new technologies. This quick turnaround incentivizes companies to move operations closer to this supportive environment.<\/span><\/p>\n

Scaling nearshoring’s Great Wall<\/span><\/b><\/h2>\n

China’s New Foreign Investment Law (2020) <\/span><\/a>creates a more favorable and predictable business environment for foreign investors,<\/span>\u00a0<\/span>simplifying the process for foreign companies to establish and operate businesses in China. <\/span>The policy ensures that foreign-invested enterprises receive the same treatment as domestic companies<\/span>. In addition, aligned with the global sustainability trend, <\/span>companies focusing on sustainable production and green technologies are encouraged to establish operations in China.<\/span><\/a><\/p>\n

This reduces the administrative burden on foreign investors, making it easier and more attractive for companies to set up manufacturing and other operations in China, as companies look to streamline their supply chains and reduce logistical complexities.<\/span><\/p>\n

With the new Foreign Investment Law also comes <\/span>stronger protections for intellectual property rights<\/span><\/a> to reassure foreign companies that their innovations and technologies will be safeguarded. This promises companies security over their innovations and intellectual property when they move their R&D and high-tech manufacturing operations to China, ensuring that they can be closer to the growing market while protecting their proprietary technologies.<\/span><\/p>\n

Eliminating barriers that might have previously deterred foreign companies from establishing operations in China, the new legislation levels the playing field for domestic and foreign players. It creates a more favorable investment climate with stronger legal protections and encourages more foreign companies to consider nearshoring their production to China.<\/span><\/p>\n

Nearshoring on the horizon<\/h2>\n

As a future-proof strategy that aligns with evolving economic and geopolitical conditions, n<\/span>earshoring presents a timely opportunity for companies to increase resilience and agility in an ever-evolving global landscape.<\/span><\/p>\n

As governments refine their policies to attract investment, businesses that embrace nearshoring will find themselves better positioned to adapt and compete in the global market.<\/span><\/p>\n","post_title":"Nearshoring strategies: Crafting government plays for domestic manufacturing","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nearshoring-government-plays-domestic-manufacturing","to_ping":"","pinged":"","post_modified":"2025-08-15 16:01:52","post_modified_gmt":"2025-08-15 08:01:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/lot.dhl.com\/?p=59594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},"custom":{"thumbnail":false,"title":"","excerpt":"","cta":"Read more","linkmail":false,"cta_url":"","email_address":"","outbound_email_subject":""},"select_existing_outbound_links":false}]},{"acf_fc_layout":"wysiwyg","wysiwyg":"

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