On September 23, in Ho Chi Minh City, Central Retail Vietnam Group cooperated with FM Logistic Group to organize the workshop "Cooperation for a better supply chain in Vietnam".

Deputy Director of the Department of Domestic Market Management and Development ( Ministry of Industry and Trade ) Nguyen Thanh Nam attended and delivered a speech at the conference.

The workshop was also attended by representatives of more than 100 businesses, strategic partners, suppliers, FMCG brands and experts in the field of logistics.

Mr. Nguyen Thanh Nam - Deputy Director of the Department of Domestic Market Management and Development - Ministry of Industry and Trade (far right) attended the conference.

According to the Organizing Committee, the workshop was held to discuss the orientation of building a modern, concentrated and sustainable supply chain for Vietnam, in the context of forming new urban areas, after the merger of provinces and cities.

At the workshop, Mr. Mike Reid - Supply Chain Director, Central Retail Vietnam Group, said that for businesses, the supply chain is the lifeblood of operations. A company can have the best products, the strongest marketing campaign, but if it cannot deliver goods to customers effectively and reliably, it will still fail.

Conference scene.

For a country, the supply chain is the backbone of prosperity. Because the penetration rate of modern retail is a measure of a country's economic health. But the decisive factor is not just retail, but the centralized, efficient supply chain behind it. A country with a fragmented, inefficient supply chain is like "pulling the emergency brake" on the road to growth.

The above reality leads to the consequence that many decisions in the supply chain only revolve around short-term costs, stemming from the misconception of control and being bound by short-term contracts, making it difficult for businesses to invest in modern assets and infrastructure; independent supply chains, short-term contracts, short-term thinking and MOQ (minimum order quantity) regulations are hindering supply chain capacity.

“We need to move from adversarial relationships to partnerships, from fragmented operations to connected ecosystems, from local cost optimization to chain-wide value optimization. Vietnam is changing rapidly. The supply chain must catch up – not become a bottleneck, but a competitive advantage. That is the future we are building,” Mr. Mike Reid emphasized.

To create a sustainable and efficient supply chain, guest speakers at the workshop delved into the core elements of a modern supply chain and illustrated how strategic partnerships between 3PLs, retailers and FMCG brands can create a focused, efficient supply chain in Vietnam.

One of the factors that make the supply chain successful is the combination of strengths between the parties involved. For example, the cooperation between retailer Central Retail and supply chain service provider FM Logistic and FMCG brands... from which they can take advantage of each other's strengths, building a more seamless and efficient centralized supply chain.

In particular, this cooperation also contributes significantly to sustainable development in Vietnam, through reducing CO₂ emissions, optimizing the number of trucks on the road and installing solar panels; moving towards digitalization in the supply chain thanks to digital tools and technologies, allowing paperless, data-driven cooperation, with advantages in traceability and security.

In Vietnam, the supply chain still has many limitations. A 2023 study by Dr. Ton That Tu - a logistics expert, found that Vietnam has about 1.5 million road trucks, more than Thailand, but the volume of goods transported is only 50% of Thailand's. This is evident every day: suboptimal small trucks, long lines of trucks waiting at stores, congestion, and failure to take advantage of economies of scale.

According to congthuong.vn

Source: https://huengaynay.vn/kinh-te/de-chuoi-cung-ung-viet-nam-tro-thanh-loi-the-canh-tranh-158064.html