Majority of companies are moving manufacturing closer to home amidst supply chain disruptions
New research commissioned by DP World and led by Economist Impact has found that 96% of companies confirmed that they are making changes to their supply chains due to geopolitical events, rushing to move manufacturing close to home to protect against supply chain disruptions.
The latest Trade in Transition study captured the perspectives of company leaders as they navigate the latest disruptions in global trade – from the conflict in Ukraine to inflation and extended COVID-lockdown policies in some markets.
DP World Group chairman and CEO Sultan Ahmed Bin Sulayem said: “The report is tangible evidence of how globalisation is changing as the companies are forced to adapt to new challenges.
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