Makati City, Philippines; May 17, 2019— Despite the increase of Foreign Direct Investment (FDI) inflows in ASEAN countries than China, there are still factors that hinder the growth of the region, says leading solutions provider, Genie Technologies, Inc (GenieTech).
Citing a data released by Thomson Reuters, GenieTech Chief Operating Officer Mahesh Gopinath said that the total inward FDI inflows in Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines grew to a record high and exceeded US$200 billion last year.
In the Philippines, the same growth is also seen, especially that the Bangko Sentral ng Pilipinas (BSP) noted that investors continue to view the country as a favorable investment destination. BSP also sees FDI inflows may reach up to US$10.20 billion in 2019.
“With this continued growth, the challenge now for ASEAN countries is to rise up to the goal of achieving its regional economic integration as a single market,” said Gopinath. “Manufacturers, retailers, distributors, or logistics providers should start reinventing and transforming their businesses with necessary strategies to leapfrog the global competition.”
To elevate the discussion on this trend and, to provide a venue for interactive and insightful sessions, including an industry panel, GenieTech, in partnership with JDA, will be holding JDA’s Supply Chain ASEAN Summit – Manila, at the City of Dreams Manila – Integrated Resort, Hotel & Casino this May 23, 2019.
The summit aims to gather businesses and professionals to present trends that can help in synchronizing end-to-end supply chain from planning to execution; delivering agility by managing the diverse multi-echelon plant, warehouse, and retail inventory; as well as boosting productivity by tasking, scheduling, and forecasting workforce across the store and warehouse.
The event also seeks to provide insights into achieving the ideal mix of new products, best sellers, and private labels to maximize profitability and shopper satisfaction; driving higher margins and be profitable with far higher demand forecast accuracy, the right assortment and allocation in the world of omni-channel fulfillment; and delivering true space awareness, offering the flexibility to match available space with the optimal product mix.
GenieTech is a partner of supply chain solutions provider JDA, which helps in optimizing customer experience with the enterprises’ product and services. More than 4,000 JDA global customers use JDA Integrated retail and supply chain planning and execution solutions to improve costs, increase revenue, and reduce time to value.
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