Future and Transformation of Global Trade through 2035: What Are the Major Growth Opportunities?
Global trade will surpass $105 trillion by 2035 in an accelerated trade growth scenario; global trade flows will be re-architected amidst regionalization pivot
Overview
The global trade landscape is poised for significant transformation through 2035 underpinned by factors like rapid technological disruptions, emerging economic powers, and evolving geopolitical dynamics. The persistent disruptions in supply chains starting in 2020 have led to a sizable pivot towards regionalization, wherein advanced nations are prioritizing reshoring or nearshoring of supply chains back to local markets or to regional markets closer to home. This rapid transformation in supply chains is re-drawing the global trade flows.
This macroeconomic analysis showcases scenario-based global total trade analytics. In the baseline scenario, total trade will reach ~US$ 87 trillion, rising at a CAGR of 3.4% between 2024 and 2035, whereas in an accelerated case, it would surpass the US$ 105 trillion mark by 2035.
Decision-makers and industry leaders can get a qualitative economic impact assessment of key global trade drivers in the baseline scenario and the potential strategy solutions which firms can craft for ensuring long-term competitiveness. Moreover, crucial insights can be gathered on the emerging megatrends in global trade such as the emergence of Asia, Africa, and the Middle East as the central hub of global trade, the rising prominence of trade regionalization, as well as the transformation of services trade.
- How can you capitalize on economic impact analyses and responsiveness measures to achieve growth?
- How can you leverage emerging megatrends transforming global trade and thrive amidst transformation?
- What are the game-changing growth opportunities and best practices that your team can adopt for maximum growth?
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