Shippers are moving manufacturing closer to home to protect against supply chain disruptions after the extended Covid lockdowns and Ukraine war shocks, according to a report on global trade presented at the World Economic Forum in Davos by global ports group DP World.
Inflation and increasing protectionist policies across trading blocs are also having an impact, said the report.
Trade in Transition study, with 96% of companies confirmed they are making changes to their supply chains due to geopolitical events.
