Emerging Markets Decline Reshapes Global Supply Chains
A new report by Transportation Intelligence indicates a shifting role for emerging markets in global supply chains. Factors like geopolitical risks, rising labor costs, and complex consumer demands are diminishing the advantages of these markets. Businesses need to re-evaluate their supply chain strategies, focusing on risk management, agility, and sustainability to navigate challenges and maintain competitiveness. This includes thorough market research to understand evolving consumer preferences and adapting supply chains to be more resilient and responsive to disruptions.
