Global supply chains have become increasingly complex over the past few years as businesses embrace sourcing materials and components from multiple countries and regions. With the COVID-19 pandemic, the fragility of these supply chains has been exposed, and the need for businesses to adapt and become more resilient has been emphasized. As we enter a new era of logistics, here are five trends that will shape the future of global supply chains.

As the demand for products and services continues rising with the increase in the global population, the carbon footprint caused by the demand for high manufacturing capabilities also keeps rising. This is a challenge in the management of the supply chain. For this to be reduced the environmental impact, businesses must find strategies to reduce their carbon footprint. Here are some strategies for reducing carbon footprint in supply chain management in 2023:

The supply chain has been in flux for a few years now and that uncertainty is expected to continue but also improve in 2023.

Trade policies set by governments and other relevant bodies globally significantly impact the supply chain. They affect the movement of goods and services across borders while influencing the economic performance of businesses and different industries. Therefore, the development of policies needs to be done with the potential impacts in mind. With global trade being a critical component of the global economy that allows countries to access goods and services that they may not be able to produce domestically, the policies need to be developed with this in mind because it drives economic growth and development. However, recent trends in global trade have favoured a narrow range of suppliers, with a heavy reliance on a small number of countries, as the pandemic exposed the weaknesses of the current supply chains. This concentration of suppliers poses significant risks to the global supply chain, and there is a growing need for greater supply diversity. This article assesses the impact of global trade policies on supply chains by first looking into the background of global trade policies.