Source of Asia was honored to contribute to the Global Sourcing Outlook Conference. Our Huong TRAN – Head of Sourcing and Supply Chain, has delivered invaluable insights into the future of the global supply chain and the impact Vietnam manufacturing industry. Moreover, the event has enriched us with market landscape of B2B sourcing and the implications for Vietnamese companies.
Our Contribution to The Future Prospects
The conference agenda included a series of comprehensive presentations and discussions
There were a series of comprehensive presentations and discussions, as well as actionable insights for businesses, who are aiming to enhance the strategic positioning within the global supply chain. Our contribution covered several key topics:
Our contributions to the event were highlighted by several key topics:
- The China +1 Strategy and Impact on ASEAN’s Supply Chain
- Electrics and Electronics Supply Chain in Vietnam
- Emerging Trends: Adapting Vietnamese Strategies for European and American Buying Conditions.
Additionally, we presented a case study demonstrating our success through the collaborative expansion of COREP into Vietnam.
Key Insights of Electronic Components Industry in Vietnam
“A unique combination of several key advantages has made Vietnam a prime destination for international investment, especially in labor-intensive manufacturing—these include the relatively low cost of labor, appropriate infrastructure to support export, and Vietnam’s strategic location, sitting on major trade routes.” – McKinsey & Company – Boosting Vietnam’s manufacturing sector: From low cost to high productivity.
This is due to the fact that Vietnam’s electronic components industry is one of the most important manufacturing industries in the economy, accounting for about 18% of GDP in 2023. Electronic market revenue is projected to reach US$7.8 billion in 2027, and it is expected to show an annual growth rate (CAGR 2023 – 2027) of 11.76%. Therefore, Vietnam is a potential country for electronics exporters in the world and ASEAN. Learn more about Vietnam electronics industry.
Looking Ahead to Our Future
To sum up, we extend our heartfelt gratitude to Global Sources for organizing this enlightening event and look forward to future collaborations that will drive further advancements in the global supply chain sector. Hence, let’s relive with us some key moments from the conference by our photo gallery.
We will keep you updated by ours insights and news!
Any questions, don’t hesitate to get in touch with us!