The Abacus

Four Things Supply Managers Need To Know About China’s Belt and Road Initiative

By: The Faculty, Procurement Advisors
12-02-2018

Get to grips with the jaw-dropping scale of China’s investment in ultra-modern supply chains stretching from South-East Asia to Scandinavia.

China’s Belt and Road initiative is big. VERY big. We’ll get to some of the awe-inspiring numbers in a minute, but first let’s look at why this project is particularly relevant to supply management professionals around the globe.

“There’s a common perception that the Belt and Road will be a way for other countries to sell to China”, says Helen Sawczak, National CEO of the Australia China Business Council. “It certainly will enable smoother movement of goods into China, but what people need to understand is that the strategic focus is on the movement of goods out of China.”

That’s why the Belt and Road needs to be firmly on the radar of every procurement professional who sources goods from China – and let’s face it, that’s just about all of us. In this interview with Sawczak, who is a guest speaker at The Faculty’s upcoming CPO Forum in May, we explore the sheer scale of the project, the timelines involved, its embedded supply chain technology, and what it means for standardisation of trade practices.  

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