HANOI, Vietnam, March 31, 2025 /PRNewswire/ -- Business management software Odoo wrapped up successful Business Shows themed "Explore and Grow Business Potential Through ERP System" in Hanoi and Ho Chi Minh City together with sponsoring partners A1 Consulting, SGH Asia, Portcities Việt Nam, and customers fashion retailers BOO, Kính Mắt Anna, and Thế Giá»›i Skin Food.
Greeting 750 industry pioneers in person, Odoo announced the €500 million transaction led by CapitalG and Sequoia Capital and showcased its latest product version, Odoo 18.
Live Product Showcase
Guests in attendance witnessed Odoo's capacity to centralize sales, projects, inventory, and more business management online in real-time into one platform, as well as flexibility in low-code customizations for different sectors to optimize operational efficiency in the modern workplace.
Scalable yet no less comprehensive, Odoo powers through every stage of its customers' business expansion, supporting each operation with one of the thousands of official and third-party apps.
Implementation Partner Panel & Customer Testimonial
"Odoo offers an open-source, flexible, and comprehensive suite to manage business. As local partners, our job is to ensure a seamless digital transformation with clear roadmap and support," said Nguyá»…n Äình Anh, Hanoi Branch Director & Head of Delivery of A1 Consulting.
During the partner panel, Odoo's local implementers, A1 Consulting, SGH Asia, and Portcities Việt Nam stressed digital adoption importance in modern business. Given Odoo's flexibility, partners acknowledged Odoo as a choice for SMEs to transform digitally, scale businesses, and exchanged tips on smooth transition.
CTO of BlueOcean Trading Limited and legal presenter of Thế Giá»›i Skin Food, Tony Lê Thảo, testified onstage in praise of the software's power to unify all retail business activities into one platform, backing faster communication.
Off stage, local fashion and accessory houses BOO and Anna Eyeglasses shared their experiences utilizing Odoo for integrated sales, inventory, and finance management over the latest fashion and business trends.
View Odoo's upcoming event schedule to connect with your local IT service providers and industry leaders, or schedule an online call with Odoo to learn more about its services in Vietnam.
About Odoo
With 70+ official apps and 57k+ third-party apps, Odoo manages businesses' finance, sales, inventory & manufacturing processes, human resources, marketing, team productivity, and more. The Belgian open-source service provider operates in 19 countries and regions worldwide, including the United States, Indonesia, Dubai, and Hong Kong SAR.
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Odoo in Vietnam: Supporting SME Growth and Digital Transformation
CLARK, N.J., April 10, 2025 /PRNewswire/ -- GEP Global Supply Chain Volatility Index — a leading indicator tracking demand conditions, shortages, transportation costs, inventories, and backlogs based on a monthly survey of 27,000 businesses — decreased for a third successive month in March to -0.51 and posted its lowest value in almost five years, indicating the highest degree of spare capacity across global supply chains since the height of the COVID-19 pandemic in 2020.
A key finding from GEP's latest data was a sharp decline in the number of companies building buffers into their stocks. Overall, manufacturers' stockpiling was the lowest in nine years, highlighting caution among procurement leaders worldwide about future demand.
"March's sharp decline in supplier activity was due to the stifling effect of tariffs and tariff-related uncertainty, which had its strongest impact in North America, where manufacturers reported cutbacks to purchasing activity and inventories," said John Piatek, vice president, consulting GEP. "Until just last week, most companies had taken a wait-and-see approach. Now, organizations are aggressively exploring every possible way to eliminate costs, push suppliers to absorb tariffs, and de-risk their global supply chains."
In the U.K., supplier spare capacity rose for the fourth month in succession to a level that has only been surpassed during either the COVID-19 pandemic or global financial crisis period. U.K. factories aggressively destocked and reduced spending during March, suggesting the country's industrial sector is bracing for a downturn.
Our data showed significant slack across European supply chains in March, although in contrast to the U.K., there were budding signs of recovery for the continent's industrial sector as demand for raw materials, commodities and components were down by the softest margin in almost three years.
Meanwhile in Asia, supply chains are broadly running at full capacity. In March, there was even a slight uptick in regional procurement activity, driven by China and India.
Interpreting the data:
Index > 50 means growth. The further above 50, the faster the growth
Index < 50 means decreasing. The further below 50, the larger the contraction.
MARCH 2025 KEY FINDINGS
REGIONAL SUPPLY CHAIN VOLATILITY
For more information, visit www.gep.com/volatility.
Note: Full historical data dating back to January 2005 is available for subscription. Please contact economics@spglobal.com.
The next release of the GEP Global Supply Chain Volatility Index will be 8 a.m. ET, May. 13, 2025.
About the GEP Global Supply Chain Volatility Index
The GEP Global Supply Chain Volatility Index is produced by S&P Global and GEP. It is derived from S&P Global's PMI® surveys, sent to companies in over 40 countries, totaling around 27,000 companies. The headline figure is a weighted sum of six sub-indices derived from PMI data, PMI Comments Trackers and PMI Commodity Price & Supply Indicators compiled by S&P Global.
A Supply Chain Volatility Index is also published at a regional level for Europe, Asia, North America and the U.K. For more information about the methodology, click here.
About GEP
GEP® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value. Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWAREâ„¢, GEP STRATEGYâ„¢ and GEP MANAGED SERVICESâ„¢ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world's best companies, including more than 1,000 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals. A leader in multiple Gartner Magic Quadrants, GEP's cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, ISG, and Spend Matters. GEP is also regularly ranked a top procurement and supply chain consulting and strategy firm, and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among others. Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit www.gep.com.
About S&P Global
S&P Global (NYSE: SPGI) S&P Global provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world. We are widely sought after by many of the world's leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world's leading organizations plan for tomorrow, today.
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NORTH AMERICAN MANUFACTURERS REPORT SHARP PULLBACK DUE TO TARIFFS, WHILE ASIAN SUPPLIERS RUN AT FULL TILT: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX
NORTH AMERICAN MANUFACTURERS REPORT SHARP PULLBACK DUE TO TARIFFS, WHILE ASIAN SUPPLIERS RUN AT FULL TILT: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX
