Indonesia to benefit from diversification of global supply chain, says bank

Trucks and containers are seen at a container terminal at Tanjung Priok Port in North Jakarta on July 8, 2020. Statistics Indonesia recorded a trade surplus of US$230 million in September following a monthly deficit of $1.02 billion in August and $2.03 billion in July. - Antara

JAKARTA (The Jakarta Post/ANN): Indonesia will benefit from the diversification of the global supply chain as multinational companies are looking into ways to reduce reliance on China to manufacture their supplies following the outbreak of Covid-19, Southeast Asia’s largest bank DBS has said.

During a virtual media briefing on Monday (July 6), DBS group head of global transaction services John Laurens explained that the shift of major supply chains into Asean countries would be part of the “new normal” for businesses.