Elevated supply chain stress in 2025 is carrying into 2026, increasing execution risk for procurement teams even as global trade grows.
The deal deepens EU-India integration by cutting trade barriers that have long constrained market access.
China retains unmatched scale at the centre of global high-tech production, while rapid gains in Vietnam, Mexico and other Asian hubs.
Manufacturing growth shifted toward lower-cost, mid-scale economies, but only a small group has combined sustained expansion with rising industrial weight.
China’s exports reoriented away from the U.S. toward Asia and emerging markets, while U.S. imports re-anchored toward Mexico, Europe and Asia.
China’s surplus accumulation since 2018 has re-anchored toward Asia and Europe, while the North American balance has weakened.
