【Event Recap】On September 5th, 2024, Swedish Chamber of Commerce in China successfully organized the event Sourcing Survey Report 2024 – From Global to Regional, co-hosted by FinnCham China and Norwegian Business Association China in Beijing. The seminar explored the significant shifts in global sourcing strategies, highlighting key insights from the ARC Group sourcing report. Key Takeaways: 1. Global to Regional Shift: The ongoing transition from global to regional sourcing is becoming more pronounced, as businesses seek to strengthen supply chains and mitigate risks. 2. Cost Pressures and Logistics: Increasing costs and logistical challenges remain top concerns for companies, making sourcing diversification and resilience strategies critical. 3. Southeast Asia's Role: Vietnam and other Southeast Asian countries continue to rise in prominence as key sourcing destinations, particularly in the furniture, consumer goods, and electronics sectors. 4. Sustainability Focus: ESG considerations are growing, with businesses prioritizing compliance and transparent supply chain practices. A big thanks to our speaker Johan Annell, Partner at ARC Consulting, for sharing his valuable insights. A special thank you as well to all participants and contributors who helped make this event a success! Stay tuned for the next Sourcing Survey Report 2024 – From Global to Regional event, which will take place in Shanghai on September 12th! You can find the report at the link below: https://lnkd.in/diYFr8p6
Very interesting!
Executive Director (FinnCham China Shanghai)
2moThe seminar was very insightful.