Policymakers and businesses increasingly view trade through a geopolitical, multilateral, and supply chain security lens. Our latest research reveals that in the last year alone, geopolitically close countries have seen a 6.2% increase in trade. In contrast, the length of supply chains between Chinese suppliers and US customers has increased by 10% from 2021 to 2023.
To thrive in today's new macroeconomic regime after two decades of globalization and deregulation, companies must proactively monitor and balance their exposure to higher-risk trade flows.
Geopolitical Alliances Heavily Influence Recent Supply Chain Shifts
July 8, 2024