Trade in Transition study finds firms being forced to adapt to rising protectionism and shifting geopolitical alliances
Three quarters of businesses worldwide are overhauling supply chains by working with MORE rather than LESS suppliers to mitigate risks in an increasingly fragmented global environment. The fifth annual Trade in Transition study highlights this strategic pivot, driven by geopolitical uncertainty which is likely to grow with the America first policies of the new administration in the United States. “The research unveiled by Economist Impact and DP World at the World Economic Forum surveyed over 3,500 supply chain executives across the world. The findings reveal firms are being forced to adapt at speed to rising protectionism and shifting geopolitical alliances.”