Industry leaders say inflation is the biggest threat they face over the next two years, closely followed by the Ukraine conflict and geo-political tensions between China and the US.

The latest Trade in Transition global survey of 3,000 executives, commissioned by DP World (DPW) and conducted by Economist Impact, reports that 96% of companies are developing their supply chains to add resilience, following to the shockwaves from the Covid pandemic and geo-political issues.

DPW said: “The change has been swift. In the space of just a year, the number of companies shifting their manufacturing and suppliers – either to home markets or nearby – has doubled. This is driven mainly by efforts to reduce costs and the risk of disruption.”

Read more on The Load Star here.