The ongoing geopolitical and macroeconomic shocks have prompted a significant shift towards diversifying trade and supply chains, highlighting the importance of resilience.
The new era of diversification in global trade provides opportunities for smaller players, such as SMEs in developing countries, to participate in the global market and contribute to economic growth.
Investments in diversified supply chains are creating more resilient and economically beneficial trade corridors, connecting countries like Brazil, India, China, and the Middle East to foster collaboration and open markets.
More diversified economies
A second benefit is how investments in supply chains are creating diversified economies. Malaysia, Thailand and Vietnam are early examples of this in the Indo-Pacific. In the Middle East, Saudi Arabia, the UAE and others are undergoing their own transformations…
