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Supply

STRONGER PUSH TOWARD SUPPLY CHAIN AND MARKET DIVERSIFICATION

chains will be reshaped by ongoing uncertainty over US trade policy. Jackson Wood, Director of Industry Strategy, Global Trade Intelligence at Descartes, argues that,“ as uncertainty around US trade policy persists, companies and countries alike will intensify efforts to diversify sourcing and sales relationships”. More nearshoring and friendshoring is on the horizon, as are targeted bets on emerging markets as organisations reduce dependency on any single trading partner – particularly the US and China – to build resilience and bargaining power.

Jackson Wood, Director of Industry Strategy, Global Trade Intelligence, Descartes

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