Global supply chains forced to change rapidly as world trade enters new era

Shipping Industry Revamps Supply Chains Amid Geopolitical Risks and Fragmentation

Three quarters of businesses worldwide are revamping their supply chains by collaborating with more suppliers to manage risks in an increasingly fragmented global landscape. Research from Economist Impact and DP World at the World Economic Forum highlights the strategic shift in response to escalating geopolitical uncertainty fueled by ‘America first’ policies.

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UNCTAD Sounds the Alarm Over Unprecedented Disruptions to Global Trade

UNCTAD Warns of Unprecedented Disruptions to Global Trade

The UNCTAD has raised concerns about the impact of geopolitical tensions and climate change on global trade, particularly affecting shipping routes like the Suez Canal and the Panama Canal. These disruptions have led to a decline in trade, increased freight rates, longer routes, and higher emissions, with potential economic consequences. The organization calls for international cooperation to address these challenges.

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