“DB World” and “The Economist” issue the report “Trade in Transformation”

Three-quarters of companies around the world are seeking to restructure their supply chains by cooperating with as many suppliers as possible, with the aim of mitigating the risks facing the flow of trade in light of the increasing fragmentation in the global trade landscape. A research study conducted by “The Economist Impact”, the commercial arm of the “Economist” group, and the Dubai Ports World Group “DB World” during the World Economic Forum revealed this strategic shift, which was reinforced by the growing state of geopolitical uncertainty, and the expected focus of the new US administration on policies… “America first.”
The results of the “Trade in Transformation” report, in its fifth annual edition, which surveyed the opinions of more than 3,500 supply chain executives worldwide, revealed that companies are forced to quickly adapt to increasing protectionist measures and shifting geopolitical alliances.
Countries perceived as “non-aligned,” such as Vietnam, Mexico, India, the United Arab Emirates, and Brazil, stand out as vital trading centers. 71% of executive officials agreed that these countries contribute to mitigating trade risks, while 69% of these officials stated that the role of these countries has become crucial in addressing the gaps resulting from global conflicts.
The study also showed that about 40% of companies are working to increase their sources of supply in the United States of America, while 32% of these companies are adopting dual supply chains to mitigate geopolitical risks.
Chairman and CEO of DP World, Sultan Ahmed bin Sulayem, said: “Today’s global trade movement is witnessing unprecedented complexities, and requires greater flexibility, speed and innovation in addressing them. In this regard, our group is keen to empower companies with the world-class infrastructure, local expertise and advanced technology necessary to thrive in light of the divisions witnessed in the markets. The latest research conducted by Economist Impact provides valuable insights into the future of trade in this new era. With this study, we aspire to enhance dialogue, innovation and flexibility in the global supply chain system, and enable companies to adapt and thrive to keep pace with the rapid changes that our world is witnessing.”