South-East Asian countries to benefit from global production chain shift

Slow production: Workers in a garment factory on the outskirts of Hanoi. Vietnamese firms have faced disruptions in the supply of raw materials from China. — AFP

A perfect storm is brewing for businesses in view of the disruption in the global supply chain that has peaked amid the Covid-19 pandemic.

The new global supply chain pressure index or GSCPI developed by the Federal Reserve Bank of New York shows that global supply chain disruptions are at their highest in the last 25 years.