Countries such as Vietnam, Mexico, India, the UAE, and Brazil are emerging as crucial trade hubs, with 71% of executives agreeing that these non-aligned nations help mitigate trade risks.

The Trade in Transition study, which surveyed over 3,500 supply chain executives, highlights the urgent need for companies to adapt rapidly to rising protectionism and shifting geopolitical alliances.

A recent study conducted by Economist Impact and DP World reveals that a significant 75% of businesses worldwide are restructuring their supply chains to incorporate more suppliers, driven by increasing trade risks.

Economic concerns remain a pressing issue, with 33% of executives citing prolonged inflation and high interest rates as major challenges.

To navigate these complexities, businesses are leveraging neutral hubs, diversifying their suppliers, and adopting advanced technologies like AI for enhanced resilience.

Additionally, 34% of businesses are pursuing 'friendshoring,' which involves relocating supply chains to politically aligned countries to reduce exposure to geopolitical tensions.

Approximately 40% of companies are increasing their sourcing from the U.S., while 32% are implementing dual supply chains to better manage geopolitical risks.

DP World Group Chairman Sultan Ahmed bin Sulayem emphasized the importance of agility, resilience, and innovation in global trade during a recent address at the World Economic Forum in Davos.

John Ferguson from Economist Impact noted that the future of global trade will be shaped by shifting geopolitics, climate change, and advancements in AI and automation.

This shift in supply chain strategies is largely influenced by geopolitical uncertainties, particularly the 'America first' policy approach of the new U.S. administration.

In fact, 69% of executives view these neutral countries as essential for addressing gaps created by global conflicts.

The report concludes that businesses that remain agile and cost-efficient, while integrating risk management with AI, will be well-positioned to thrive in the evolving landscape of globalization.