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economic outlook remain fairly pessimistic

Diversify supply chains amid mounting geopolitical risks | Report

Declining optimism, deepening geopolitical tensions and tariff-led economic impacts are shrouding the world as we enter 2025 but one bright spark is a fall in inflation, according to the World Economic Forum’s Global Risks report released ahead of the Davos conference. State-based armed conflict (23%), extreme weather events (14%) and geoeconomic confrontation (11%) head the list of concerns in the current risk landscape, followed by misinformation and disinformation (7%) and societal polarisation (6%). Interestingly disruptions to a ‘systemically important supply chain’ barely registered (1%), suggesting challenges during the COVID years have been consigned to memory, although the report still highlights the need to diversify supply chains amid ongoing conflicts. “With geopolitical volatility likely to remain high over the next two years, organisational investment in geopolitical risk foresight and risk management is a must,” it states.… Read More »Diversify supply chains amid mounting geopolitical risks | Report