Everything you need to know about global trade in April 2024
Apr 23, 2024 · 1. Promising rebound in global trade expected for 2024. Global trade will rebound in 2024, with a projected 2.6% growth in the volume of merchandise trade this year and an even more robust 3.3% in 2025, economists predict. World commercial services trade grew 9% in 2023, according to the Global Trade Outlook and Statistics report, published by ...
How the COVID-19 pandemic has changed supply chain practices
Jan 14, 2022 · Here are five ways the supply chain has changed thanks to COVID-19. 1. Supply chain now a key focus of the C-suite. The supply chain finally has the C-suite’s attention, and chief supply chain officers are its new stars. In October, corporate CEOs in a McKinsey survey for the first time identified supply chain turmoil as the greatest threat ...
Why the world must build a ‘living supply chain’ for food
Aug 12, 2022 · Building living supply chains by adding time to the supply chain equation and adopting industry-wide initiatives can help eliminate the current risks in the system. “This year’s food crisis is about lack of access. Next year’s could be about lack of food.”. UN Secretary-General António Guterres uttered that statement in his June 8 ...
Supply chain sustainability is key to achieving climate goals
Apr 20, 2023 · Improving internal supply chain sustainability and efficiency is a quick win. When it comes to decarbonizing our supply chains, improving the efficiency with which we consume energy internally is a relatively quick win. Indeed, optimizing energy consumption collectively accounts for some 55% of the solution to deliver net zero by 2050.
5 challenges facing global supply chains | World Economic Forum
Sep 5, 2022 · 5. Extreme weather. Climate change is a much more long-running problem for supply chains. This year, drought has caused water levels to drop around the world, impacting major shipping supply routes. Low water means ships can only carry a fraction of their usual freight to minimise the risk of running aground.
The ongoing impact of COVID-19 on global supply chains
Jun 22, 2020 · The global supply chain had begun responding to US-China tensions and we can expect the disruption caused by COVID-19 to accelerate the pace of this response. Trade analytics show China lost global export market share at an accelerated pace in 2019, as companies moved to other countries.
How climate change impacts food supply chains | World Economic …
Jan 18, 2024 · Climate change impacts meat supply chains in three major ways, making them less productive and more expensive. These are: Climate change makes feedstock for cattle, pigs, and chickens harder to grow. According to a recent study, every 1ºC increase slows growth by 7%. Much of that feedstock is corn, and climate change is driving lower corn ...
International trade: What you need to know this month
Mar 28, 2024 · This monthly roundup brings you a selection of the latest news and updates on global trade. Top international trade stories: New UN update suggests trade will rebound in 2024; India and EFTA sign new trade deal; Supply chain concerns after cargo ship hits US bridge. 1. Global trade set to rebound in 2024. The latest Global Trade Update from the ...
From source to stomach: How blockchain tracks food across the …
Aug 12, 2024 · Lack of security: Another supply chain challenge is keeping the system secure, especially when centralized servers are vulnerable to attacks that can easily impact the entire supply chain. Third-party vendor risk is an increasing challenge today, with at least 56% of cybersecurity incidents happening in the supply chain.
Droughts are damaging supply chains on waterways - The World …
Oct 25, 2023 · By 2050, drought could affect 75% of the global population, the United Nations (UN) says. This has potentially alarming consequences for global trade – when water levels are too low to facilitate the movement of vessels, the supply chain breaks down. And that can be expensive. Economic damage from droughts jumped by 63% in 2021 compared with ...