6 Global Supply Chain Trends to Watch in 2018

Global trade continues to accelerate both in volumes and complexity, with the WTO’s most recent trade forecast revised to show improved growth in world merchandise trade volume.

Just look at the numbers from Alibaba and their most recent Singles Day, where products were purchased from 192 countries.

The number of tons shipped by ocean containers has multiplied many times over in recent years - almost 17 times - from 102 million tons in 1980, to 1,720 million tons in 2016!

After years of stagnation, trade has been soaring this year as an upturn across major global economies picks up momentum and raises hopes that retail is ready to improve. Political unrest, numerous additions, a myriad of and ever-increasing regulatory requirements has added another layer of distress.

1. Retail supply chains need flexibility in order not to break.
2. Europe and Asia are churning out trade agreements, while the United States retains its staunch demeanor at the table.
3. Britain’s exit from the EU is already causing disruption.
4. China continues to dominate global manufacturing and trade.
5. Keeping goods moving is tougher than it looks, and pricier.
6. CXOs are challenged to be in the present but look to the future.