German manufacturers focus on supply chain diversification: Survey

The survey indicates a proactive approach among manufacturers, with one in three companies planning to further enlarge their supplier base. This strategy aims to create more resilient and flexible supply chains capable of withstanding global challenges.

Additionally, 45 per cent of manufacturing firms have increased their warehousing capabilities in the last 12 months to buffer against supply chain interruptions. However, only 12 per cent of the respondents anticipate further expansions in warehousing in the near future, as per the survey.

Improved supply chain monitoring has been reported by 44 per cent of the companies, highlighting the industry's effort to enhance oversight and management of supply chain activities. Meanwhile, 17 per cent of the firms have taken steps towards vertical integration by reintegrating previously outsourced production processes.

ALCHEMPro News Desk (DP)