Hong Kong maintains global supply chain superconnector status
It is driven by Mainland enterprises leveraging the city as their supply chain management centre.
Hong Kong's status as a supply chain ‘superconnector’ has been reaffirmed by a new US-Hong Kong research initiative commissioned by the Hong Kong Trade Development Council.
The study said this is largely driven by Mainland enterprises proactively diversifying their supply chains and leveraging the city as their supply chain management centre.
Despite global tensions, many US companies remain engaged with China due to the concentration of suppliers in regions such as the Greater Bay Area.
HKTDC Director of Research Irina Fan noted that recent US-China trade agreements and tariffs put China-based suppliers on a par with many Southeast Asia counterparts.
Meanwhile, Hong Kong's wide-ranging financial and professional services, coupled with its agility, also position it as an indispensable gateway.