'Friend-shoring' takes centre stage at Vietnam Logistics Summit 2023

Edwin Chee, COO of SLP Vietnam, shed light on the dynamic shifts in the logistics sector and SLP's role in shaping Vietnam's future amid a changing global landscape

According to Chee, recent global trade disruptions, whether from the trade war between the US and China, the repercussions of the pandemic, or escalating geopolitical tensions, have instigated an essential paradigm shift.

Chee believes that the term 'friend-shoring' is now at the forefront of conversations. This concept, which emphasises the relocation of supply chains to nations with shared values, has been garnering immense traction.

"Vietnam, in recent times, has seen encouraging progress. Our adaptability amid these changes truly sets us apart. Leading organisations are pivotal in moulding the supply network during this transformative phase. Addressing the intricacies of these geopolitical evolutions and leveraging upcoming prospects demands a concerted effort from both the public and private sectors," Chee elaborated.

SLP, a stalwart of industrial and logistic infrastructure development in Southeast Asia, falls under the wide umbrella of GLP Capital Partners, GLP's global fund management entity.

The group manages an impressive $125 billion in assets and boasts a footprint in 17 nations, encompassing the likes of the US, Japan, Brazil, India, China, and, of course, Vietnam.

"Our vast experience across multiple markets, robust global network, and our enduring commitment to Vietnam uniquely positions us to bolster the logistics sectors within the country. We envision ourselves as the preferred partner aiding our customers in their growth trajectories," Chee said.

The summit's keynote speakers are geared up to delve deep into domestic shifts that impact our supply chains. Moreover, they will offer a holistic view of burgeoning global trends, granting attendees a foresighted perspective on the logistics and supply chain management of tomorrow.

He concluded, "Today's summit is more than just an event. It's a golden opportunity to knit together policymakers, business moguls, investors, and experts from various domains. Our collective aim is to scrutinise and navigate the challenges and opportunities the logistics sector holds for the future. Together, we can spearhead innovation, enhance efficiency, and chart a course for sustainable growth by harmonising our efforts and pooling our collective knowledge."

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Logistics Summit 2023 will open on October 5 The Logistics Summit 2023, jointly organised by VIR and SLP Vietnam under the auspices of the Ministry of Planning and Investment, will take place in Ho Chi Minh City on October 5.

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