Protectionism Concerns Supply Chain Executives

From ” One negative attitude expressed by more than 80% of managers at manufacturing companies involved in international trade was that growing protectionism could sink the world into a global depression. A second thought is that if prolonged, the current economic downturn could result in a prolonged reversal of world trade. Looking for some light in the survey? More than 75% of respondents thought that the current recession won’t last longer than 12 months.”

“Respondents are greatly concerned with reverse globalization, volatile fuel costs, reducing their carbon footprint and other factors such as supply chain security and regulatory compliance. As a result, some 47.3% said their companies are placing greater emphasis on near-sourcing to reduce supply chain costs.” Protectionism Concerns Supply Chain Executives

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