Vietnam Supply Chain Management (SCM) Market Forecast 2024-2031

in #vietnam2 months ago

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam Supply Chain Management (SCM) Market size by value at USD 16.07 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Vietnam Supply Chain Management (SCM) Market size to boom at a significant CAGR of 7.3% reaching a value of USD 26.32 million by 2031. The Supply Chain Management (SCM) Market in Vietnam is driven by robust manufacturing growth, strategic trade agreements, and increasing foreign direct investments (FDIs) in the country. Vietnam's integration into global supply chains especially in electronics, textiles, and automotive sectors has surged due to cost competitiveness and geopolitical shifts, such as companies relocating from China. The government's investments in transport infrastructure, including seaports and logistics hubs, have further streamlined supply chain operations. Additionally, digital transformation, with the adoption of technologies like IoT, AI, and cloud-based platforms, is enhancing visibility and efficiency. Rising e-commerce demand is also prompting last-mile delivery innovations. Combined, these factors are fostering a dynamic, tech-forward supply chain landscape in Vietnam, attracting global players, and fueling sustained market growth.

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Opportunity – Growth in E-commerce and Digital Supply Chain Innovations

Rapid e-commerce boom across the country is a key driver for Vietnam Supply Chain Management (SCM) Market. E-commerce is projected to significantly drive the development of logistics infrastructure and fuel demand for smarter, tech-enabled supply chains. Companies are investing in digital innovations such as real-time tracking, automated warehouses, and AI-based demand forecasting to meet rising consumer expectations. Additionally, the integration of cloud-based supply chain platforms and IoT sensors is enabling better inventory visibility and last-mile delivery optimization. As global brands expand into Vietnam and local SMEs digitize, the need for agile, data-driven SCM solutions is accelerating, making digital transformation a core pillar of Vietnam’s supply chain evolution.

Cloud Deployment Mode Leads Vietnam SCM Market​

The cloud technology is the largest segment in Vietnam Supply Chain Management (SCM) Market by deployment mode. The segment’s dominance is driven by the increasing demand for scalable, flexible, and cost-effective solutions that cloud platforms offer. Cloud-based SCM solutions facilitate real-time data access, enhance collaboration, and support the growing e-commerce sector in Vietnam. Additionally, the government's data localization laws have prompted international companies to invest in local cloud infrastructure, further boosting the adoption of cloud-based SCM solutions.

Impact of Escalating Geopolitical Tensions on Vietnam Supply Chain Management (SCM) Market

Escalating geopolitical tensions such as the United States-China trade conflict, South China Sea disputes, and global supply chain realignments are significantly impacting Vietnam Supply Chain Management (SCM) Market. These tensions are accelerating the shift of manufacturing and sourcing operations from China to Vietnam, benefiting domestic logistics, warehousing, and supply chain software providers. However, increased export dependency and vulnerability to maritime disruptions present operational risks. Additionally, compliance with evolving trade policies, tariffs, and regional political uncertainties has driven demand for more agile, tech-driven supply chain solutions. Vietnam’s strategic location and trade agreements like the CPTPP and EVFTA position it advantageously, but sustained geopolitical volatility may strain infrastructure and delay investment decisions in the logistics sector.

Competitive Landscape

Vietnam Supply Chain Management (SCM) Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include DHL Supply Chain Vietnam, FedEx Express Vietnam, Maersk Vietnam, DB Schenker Vietnam, Kuehne + Nagel Vietnam, CJ Logistics Vietnam, Gemadept Corporation, Viettel Post, Indo Trans Logistics (ITL), Sagawa Express Vietnam, and UPS Vietnam. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Vietnam Supply Chain Management (SCM) Market.

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