Navigating Global Trade Amidst Rising International Economic and Political Risk
Speaker: Carl Bergkvist, Chief Economist, Stockholms Handelskammare
During the event, held on March 10-11, Carl Bergkvist provided an in-depth analysis of the current state of global trade amidst rising economic and political risks. Key takeaways and actions covered included:
Risks are up, but new opportunities for value creation are emerging:
• Keep calm
– tariff levels and implementation timelines are highly uncertain, as are costs.
• Reassess trade exposure and build resilience:
Estimate tariff impact and identify key risks in supply chains and customer bases.
Explore diversification, near- and friendshoring, currency hedging, and new markets.
Develop backup plans and scenarios to manage risk.
• Invest in agility:
Leverage technology and flexible supply chain strategies to reduce cost and shorten adjustment time.
• Turn risk to value:
Utilize local production and secure supply chains as value-add for customers.