Based on interviews with more than 300 industry decision-makers in India, Indonesia, Thailand and Vietnam, a research also found that the majority of food retailers – more than six in 10 – predict significant growth of six per cent or more this year as a result of expanding populations and rising income levels.
However, the report also found that up to 38 per cent of those surveyed were unaware of their total logistics costs, while 37 per cent lacked any KPIs or formal measurements for their supply chain performance – potentially impacting their ability to keep shelves stocked and orders filled as demand and competitive factors grow increasingly complex.