Rising trade war fears in the wake of the election of Donald Trump have sent global companies scrambling to make their supply chains more resilient and transparent.
Eighty-five per cent of the 1,700 large company executives surveyed by The Conference Board late last year said they were planning to make significant changes to their supply chain, up 15 percentage points from last year, and significantly higher than right after the Covid pandemic.
Their focus on supply chains comes alongside growing concerns about the future of global trade. Forty-five per cent of global CEOs in the Conference Board’s report cited intensified trade wars as the leading geopolitical conflict risk for 2025, double last year’s tally of 19 per cent. US executives were particularly worried, with 47 per cent mentioning trade wars as their biggest concern.