Loading ...New study: 96% of companies move manufacturing closer to home amid supply chain disruptions
The newest Trade in Transition survey, commissioned by DP World and led by Economist Impact, recorded the opinions of industry executives who have to manage the recent disruptions to global trade. The research’s primary conclusion is that the vast majority of 96% of companies believe that geopolitical events are causing changes in their supply chain networks. In just a year, the number of corporations moving production and suppliers – either to their home markets or nearby – has more than doubled since 2021, as part of efforts to save expenses and reduce the risk of interruption.