Schneider Electric, a leader in the digital transformation of energy management and automation with a global presence in over 100 countries, has been ranked 11th in The Gartner Supply Chain Top 25 for 2019, according to the group's fresh statement. Schneider Electric carved out a spot in The Gartner Supply Chain Top 25 for 2019 Besides, the group also won the 2019 Industrial Manufacturing Supply Chainnovator Award in Gartner’s 2019 Supply Chainnovator Awards which recognises unconventional, innovative, and high-impact supply chain initiatives in the industrial manufacturing sector. Gartner announced these awards during its Gartner Supply Chain Executive Conference 2019 in Phoenix, the capital of Arizona, US. “We are overjoyed that we have improved our position again this year on The Gartner Supply Chain Top 25 rankings. We believe our transformation efforts in the supply chain are progressing well and that this really gives our team the inspiration to push forward … [Read more...] about Schneider Electric honoured at 2019 Gartner Supply Chain Top 25
Zara supply chain strategy
More supply chains to shift to Vietnam, ASEAN
A worker checks CDs at Manutronic Vietnam Joint Stock Company. (Source: VNA) HCM City (VNS/VNA) - Southeast Asia, especially Vietnam, can expect to see more supply chains coming its way if it improves production technology and capacity, as well as regional cooperation, HSBC officials have said. Supply chains are shifting to Southeast Asia due to the region’s growing economies and consumer markets, especially with trade tensions and rising production costs affecting other markets, according to the bank. Pham Hong Hai, CEO of HSBC Vietnam, said: “The changes in global trade are causing businesses to revisit their supply chain investment and capacity strategies, but we have yet to see this convert into wide-scale shifts to Southeast Asia, South Asia or other parts of the world. Rather than see a wide-scale shift to ASEAN, multinationals due to trade tensions have multiple supply chain strategies with a mixture of … [Read more...] about More supply chains to shift to Vietnam, ASEAN
More supply chains to shift to Việt Nam, ASEAN
A worker checks CDs at Manutronic Vietnam Joint Stock Company. Supply chains are shifting to Southeast Asia due to the region’s growing economies and consumer markets, especially with trade tensions and rising production costs affecting other markets, according to an HSBC report. — VNA/VNS Photo Trần Việt HCM CITY — Southeast Asia, especially Việt Nam, can expect to see more supply chains coming its way if it improves production technology and capacity, as well as regional cooperation, HSBC officials have said. Supply chains are shifting to Southeast Asia due to the region’s growing economies and consumer markets, especially with trade tensions and rising production costs affecting other markets, according to the bank. Phạm Hồng Hải, CEO of HSBC Việt Nam, said: “The changes in global trade are causing businesses to revisit their supply chain … [Read more...] about More supply chains to shift to Việt Nam, ASEAN
FIEs open doors to global supply chain
Multinational corporations are investing a vast amount in Vietnam in line with its new-generation FDI attraction strategy, Photo: Le Toan A number of leading multinational corporations (MNCs) in the automotive, electronics, energy, and household appliance sectors are paying more attention to the acceleration of the linkage process by helping local companies become their suppliers, while enabling existing suppliers to expand their business and share of added value. Such major names include Samsung, Bosch, Canon, Ford, GE, Panasonic, and Toyota. For example, the high-tech manufacturing base of the US’ GE in the northern port city of Haiphong is planning to increase the localisation rate to 20 per cent, thus bringing in more opportunities for Vietnamese suppliers. Similarly, Panasonic Vietnam is also among the Japanese enterprises who previously found it hard to choose Vietnamese businesses as suppliers. The firm is trying to improve the situation. “We are happy to work … [Read more...] about FIEs open doors to global supply chain
Forum discusses optimising supply chain, business strategy
A forum discussing how to optimise supply chains and competitiveness for enterprises in Vietnam takes place in Hanoi on August 21. (Photo: VNA) Hanoi (VNA) – A forum discussing how to optimise supply chains and competitiveness for enterprises in Vietnam took place in Hanoi on August 21. The event was held by the Institute for Brand and Competitiveness Strategy (BCSI) in partnership with Portland State University from the United States. Speaking at the forum, President of the BCSI Council Nguyen Van Nam said the concept of global supply chains is not new to Vietnamese companies. Since Vietnam’s shift from a centrally planned to market economy three decades ago, the country has set up trade relations with more than 180 countries and drawn investment from over 100 countries. However, most firms only participate in the secondary supply chain, so the products they make don’t have high added value, he said. About 21 percent of small- and medium-sized enterprises in … [Read more...] about Forum discusses optimising supply chain, business strategy