Supply chain disruptions have been an emerging risk amidst post-pandemic global recovery, China’s nationwide lockdowns, and the Russo-Ukrainian war. As global firms and consumers experience costs skyrocketing, especially with mounting fuel costs, what direction will the recent nearshoring and reshoring trends take in 2022 and 2023? How will the health and growth potential of member nations make ASEAN a manufacturing hub in the medium and the long term? What are the key go-to manufacturing locations within the ASEAN and which domestic factors and policies are bolstering their potential? What are the potential manufacturing clusters based on the broader types of manufacturing processes?
This ASEAN macroeconomic thought leadership provides a growth snapshot of its member nations through the identification of growth conditions, policy expectations, and economic risks. Through a proprietary data indexing methodology, the study also charts out the manufacturing competitiveness of ASEAN member nations with deep-dive into some of the key demand-side and supply-side driving factors.
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