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Companies take ‘closer to home’ approach to protect supply chains

The Trade in Transition report launch at WEF 2023. Pictured (from left): John Ferguson (Economist Impact), Sultan Ahmed Bin Sulayem (DP World), Sarquis Sarquis (Brazilian trade secretary), Hanneke Faber (Unilever), Eric Loeb (US Council for Intl. Business)

Major shifts are emerging in globalisation as companies re-design their supply chains and move more manufacturing closer to home to protect against supply chain disruptions and enhance resilience, according to new research released at the World Economic Forum in Davos this week.

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