The briefing explores trends in the global structure amid rising economic and geopolitical uncertainty. As global economy evolves, countries and companies will need to find ways to diversify the supply of critical components. This will require establishing new trade routes and striking the right balance between operational security and cost efficiency.
This report comes in PPT.
Global trade value has declined in 2023, with exports and imports down 2% and 3%, respectively. Slower global economic growth and higher uncertainty, as well as persistent geopolitical pressures contributed to the stalling trade.
Market supply of the most critical B2B components and manufactured goods, such as electronic components, mobile phones and transport equipment, remains concentrated. Production and exports are in large part dominated by China and other Asian countries, especially in the electronics sector.
Following supply chain disruptions back in 2020 and persistent geopolitical tensions, the largest economies are accelerating efforts to diversify production and trade structure of the most critical components. New emerging hubs, such as India, Vietnam and Mexico, are supporting the efforts.
India has strong potential to develop as global manufacturing and exports hub. However, the country remains heavily reliant on component imports from China, in turn hindering global diversification efforts. Development of supporting industries will be required to unlock India’s potential.
New manufacturing and trade hubs can help to diversify global trade structure; however, China will continue to play a critical role in global supply chains due to large manufacturing capacity and ability to supply critical components. China’s dominance remains especially evident in the hi-tech goods sector.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!