60% of companies are not only investing in technology but also restructuring supply chains to enhance resilience and adaptability, according to a study reported in Global Trade magazine. 47% of respondents cited global trade disruptions and rising tariffs as major threats. To counteract these disruptions, companies are implementing major operational...
Global Trade Increases Five-Fold Since 1995
Global trade has experienced remarkable growth since 1995, with total value increasing nearly five-fold, coming close to the peak reached in 2022. Today, eight countries account for imports worth $12 trillion, representing almost half of the global total. From the U.S. to India, the world’s leading importers are characterized by...
Takeaways from UNCTAD’s Global Trade Outlook 2025
On 05 December 2024, the UN Trade and Development (Unctad) said in its new Global Trade Update report that global trade is expected to reach a high of $33 trillion, showcasing resilience despite continuing economic uncertainties challenging global supply chains and market dynamics. Here's a summary of the key points...