Summary
After a busy year of logistics network disruptions, volatile costs and geopolitical upheaval there’s no respite for supply chain decision-makers as we head into the end of 2024 and look ahead to 2025.
The other side of peak season: Supply chains have had to deal with a plethora of disruptions in 2024, resulting in accelerated shipping. Manufacturing remains depressed, weighing on the mid-term outlook for supply chain activity. Near-term challenges include strikes and storms on the US east coast, uncertainty on de-minimis strategies and an imminent shift in shipping alliances and capacity.
The big one arrives: In a year of 70 elections globally, the US elections carry the biggest future risks for supply chains with the prospect of increased tariffs, trade deals to be done and shifts in industrial policy ahead. Regulatory uncertainties also persist in the EU ahead of the implementation of CBAM, while conflicts continue to be a factor.
Luxurious resilience and sustainability: The supply chain travails of the pandemic era shone a light on the need for resilience, while later (relative) calm has led to a pullback in investments in resilience. Technology spending is being misdirected. Sustainable sourcing, meanwhile, including the circular economy, is becoming more important.
Speakers
S&P Global Market Intelligence
Agnieszka Maciejewska
Associate Director, Models & Scenarios, Global Intelligence & Analytics
Agnieszka is managing GTAS Forecasting team, which is creating bilateral trade forecast and team of analysts responsible for updating macroeconomic Global Link Model.
S&P Global Market Intelligence
John Raines
Principal Global Risks Adviser and Head of North America, Economics & Country Risk
