Amid the constant changes and uncertainties in the global economy, including the recent restructuring of the global economy and tariff, SCGP has always prepared to cope by implementing proactive strategies as follows:
🌏Driving growth in ASEAN: ▶️Increasing sales with a focus on ASEAN markets and high-potential markets ▶️Strategic collaboration with customers and Original Equipment Manufacturers (OEM) to adjust production structures flexibly, addressing specific demand segments
🌍Building on opportunities in Europe: ▶️Studying the feasibility of contract manufacturing for foodservice packaging, focusing on competitive costs ▶️Leveraging European technologies to develop production processes in ASEAN
🔗Adjusting costs – Strengthening the supply chain: ▶️Enhancing Supply Chain efficiency through a balanced combination of Onshoring, Offshoring, and Nearshoring ▶️Reducing costs of machinery procurement and raw materials, with increased ability to source goods from China and India to the ASEAN region ▶️Exploring opportunities to enter the US market to diversify risks and open doors to a large market
All of this demonstrates SCGP’s preparedness to deal with potential future volatility in the global economy. SCGP not only aims to build strength but also creates opportunities for sustainable growth.