Asia’s complex web of supply chains has made the region the world leader in low-cost, efficient manufacturing. Its adaptable nature has seen disputes such as the China-US trade war swiftly side-stepped, with manufacturing quickly moving to new hubs such as Vietnam. But no part of the chain was prepared for the havoc that would be wreaked by the Covid-19 pandemic.
As borders and factories were closed to prevent its spread, the production and movement of goods ground to a halt. Banks have been forced to move quickly to meet these challenges, reworking the financing of supply chains to meet the new demands of their clients.
