UPS survey reveals Japanese manufacturing trends
While many of Japanese manufacturers still continue to recognise the importance of China as a “manufacturer of the world,” only a minority said that China could maintain this status into the future
November 3, 2014
By Denice Cabel
UPS announced the first “UPS Japan Manufacturing and Trade Trends” survey, which looks into the current and future trends of the manufacturing industry in the context of global trade and logistics
UPS announced the first “UPS Japan Manufacturing and Trade Trends” survey, which looks into the current and future trends of the manufacturing industry in the context of global trade and logistics. The continuing shift in manufacturing from Japan to overseas markets, the importance of logistics and the opportunity to streamline and optimise operations to remain competitive, and the emergence of new trade markets, particularly Southeast Asia, are key findings from the survey.
“The manufacturing landscape in Asia is evolving while global demand has remained cautiously optimistic. It is pivotal for manufacturing companies to find ways to compete in the evolving marketplace, effectively,” said KK Leung, president, North District, UPS Asia Pacific Region. “UPS has been partnering with companies to assist them through the shifting business landscape for over 26 years. Combined with our insights on the specific needs of various vertical industries, manufacturing companies will be benefited from a long-term winning strategy.”
While China remains a key trade partner, Southeast Asia’s trade presence grows
According to a recent report from Transport Intelligence, China continues to be the “manufacturer of the world”, even as low-value and mass manufacturers steadily move to lower-cost countries such as Vietnam, Myanmar, Cambodia, Laos and Bangladesh. This shift in manufacturing will lead to greater trade opportunities within Asia, giving rise to a need for a reliable intra-Asia logistics partner.