Legal, Regulatory + Compliance
ASEAN is Refining Supply Chain Networks
Increasing wealth and an emerging middle class will present new opportunities for U.S. shippers in the ASEAN marketplace comprising the nations of Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. But as recent research indicates, significant logistics challenges remain in getting the entire bloc fully integrated.
Once that is achieved, however, the market would represent $2.6 trillion and more than 622 million people. In 2015, the so-called ASEAN Economic Community (AEC) was collectively the third largest economy in Asia and the seventh largest in the world.
Follow this link to read the full article, published by Supply Chain Management Review on February 22, 2016.
Supply Chain Management Review primarily publishes columns and features contributed by business school professors, supply chain management practitioners and industry analysts.
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites.