Disruption, Digitisation, Resilience

20 DISRUPTION, DIGITISATION, RESILIENCE : The future of Asia-Pacific supply chains bigger companies being able to make changes to their supply chains more quickly. Among the companies making changes to their supply chains, only 8% of those with annual revenue under US$500m would have completed changes to their supply chain by June 2021, compared with 21% of bigger companies. Similarly, 45% of smaller companies are likely to complete the change in 2022 or later, as compared with 34% of larger companies. But making changes to well-established and entrenched supply chains takes time. Only 16% of supply-chain managers expected to have completed changes to their supply chain by the end of June 2021 (Figure 7). Four in ten (41%) expect to complete these changes by the second half of 2021, while 27.8% expect the process to run well into 2022. The difference between small and large companies is also telling in this respect, with Figure 7: Reimagining supply chains Timeframe in which respondents expect to complete changes to their supply chains We have already completed the changes H1 2021 H2 2021 2022 Later than 2022 We now plan to change our supply chains on an ongoing basis for the foreseeable future Source: The Economist Intelligence Unit 3.5% 12.5% 41.0% 27.8% 10.4% 4.9%