Article: What's Next for Globalisation?
Article: What's Next for Globalisation?
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Uncertain Times Ahead
What’s Next for Globalisation?
Over recent decades, the story of globalisation has been one of ever-increasing complexity for global supply chains. Producers have shifted manufacturing from one low-cost location to the next – creating increasingly convoluted and complex global supply chain ecosystems. But ongoing disruptions and increasing uncertainty are now causing companies to rethink their supply chain strategies to adapt for the next chapter of globalisation.
Geopolitical tensions and domestic challenges are driving populist and protectionist government policies in the pursuit of ‘economic nationalism’. The ever-changing smorgasbord of trade tariffs is resulting in the need to reconsider the configuration of supply chains.