No Turning Back: 2025 Outlook - Dec 2024
In a recent webinar, Nic from the Onyx Group discussed the critical changes anticipated in global trade for 2025, emphasizing the need for supply chain professionals to adapt. The session highlighted the impact of geopolitical shocks, rising cost pressures, and the complexities of trade policies, particularly concerning China and the US. With inflation rates normalizing in the US and Europe, the discussion also touched on the implications of potential tariffs and the shifting dynamics in manufacturing costs across various regions. As companies face increasing geopolitical tensions, the need for resilient supply chains and strategic sourcing decisions becomes paramount. The webinar concluded with a focus on automation and reshoring as necessary responses to the evolving trade landscape.