02 - Can the Bay of Bengal be a New Hub for Regional Supply Chains?

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02 - Can the Bay of Bengal be a New Hub for Regional Supply Chains?

15 Feb 2023

This Bengal to the Strait of Malacca and the Pacific realisation was backed by the worry that Ocean to the east, the Indian Ocean to the countries like China, enjoying near-monopoly south, and the Gulf of Mannar and the Arabian prominence as sourcing hubs for critical Sea to the west. [...] various supply chains, are keen on committing to a new generation of resilient supply chains Thus, the Bay of Bengal region’s success in diversified in sourcing and concentrated in emerging as an active hub of supply chains strategic parts of the Indo-Pacific geography depends crucially upon its connectivity like the Bay of Bengal. [...] Except Thailand and India, which are ranked 32nd and 44th in the global logistics It is important for the Bay of Bengal economies performance index (LPI) of the World Bank, and the BIMSTEC to comprehend the the remaining BIMSTEC economies are ranked significance of the economic and strategic quite low in the LPI (The World Bank, 2018). [...] to the growth of a diverse range of supply chains.   17 AMITENDU PALIT The COVID-19 pandemic has emphatically for supply chains is to dovetail its vision of reinforced the role of logistics in safeguarding connectivity to that of safeguarding regional supply chains. [...] the movement of products through various The emphasis on supply chains will encourage trade routes, both intra-region as well as those investments in trade facilitation geared towards between the region and the rest of the world.
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India