In this episode, our host Carl Hayward, general manager of European Chamber Beijing Office, is joined by Joerg Wuttke, president of the European Chamber, and Jens Eskelund, vice president of the European Chamber. They discuss why and how companies’ supply chain strategies are shifting, what the implications are and what can be expected in the future.
What to listen for:
1:53 What might drive companies to onshore?
3:03 In what ways were supply chains impacted by COVID-19 containment measures?
5:19 What are the aspects of China’s policy-making that might prompt companies to shift their supply chain strategies?
6:41 What could the International Maritime Organization’s forthcoming regulations aimed at reducing the carbon footprint of shipping mean for global supply chains?
8:32 What are some of the most important emerging regulations (especially from the EU and the US) that companies in China need to pay attention to?
14:50 How have businesses shifted their priorities to mitigate supply chain risks?
16:43 How would you compare China-US decoupling to that taking place between China and the EU?
18:39 What do the terms ‘reshoring’, ‘nearshoring’ and ‘friend-shoring’ mean?
22:06 What are China + 1,2,3,4,5 strategies?
24:11 Which countries do you see potentially benefitting, or that have already been beneficiaries, of supply chain shifts?
26:33 What are your key recommendations for companies looking to strengthen supply chains?
28:24 If China’s travel restrictions are removed in 2023, can we expect company’s supply chain strategies to change again?
European Business in China Position Paper 2022/2023: https://www.europeanchamber.com.cn/en/publications-archive/1068
EURObiz July/August 2022 edition on supply chain: https://www.europeanchamber.com.cn/en/publications-archive/1022