Bank of America Merrill Lynch and SunGard Asia Pacific Treasury Management Barometer 2015
Trade, long established as the one of the most influential contributors for the collective economies of Asia Pacific, is experiencing a generational transition. The change can be seen regionally through the growth of intra-regional trade and broadening of manufacturing bases and locations. It is being felt globally via diversification of the supply chain and increasingly, the shift is being observed at the corporate level, whereby working capital strategies have been forced to adapt accordingly.
“Shifts in demographics and trade patterns have extended the collective trade focus beyond Greater China, with India and ASEAN now progressing from developing to established trade zones in this region. As China gradually shifts from an export to consumer-based economy, India and ASEAN will likely find themselves as more influential participants in global trade and supply chain.”
– Kuresh Sarjan, Head of Global Trade & Supply Chain Finance, Asia Pacific, Bank of America Merrill Lynch
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