QIMA: Q3 2020 Barometer - China sourcing suggests W-Shaped recovery while manufacturing struggles in the rest of Asia
Throughout Q2 2020, global supply chains have remained in the grip of the COVID-19 pandemic. Lockdowns in buying and manufacturing regions are triggering dramatic yet erratic drops in demand and supply. As global trade enters the second half of 2020, it is emerging that the pandemic has not redrawn the maps of global sourcing – but it has accelerated and deepened a number of pre-existing trends. Among them are decreased reliance on China, diversification of supplier portfolios and more advanced use of digital and remote tools to manage quality and compliance.
In its Q3 barometer, supply chain quality control experts QIMA take a closer look at a potential W-shaped recovery in China and the struggles facing manufaturing in the rest of Asia.
