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Allianz Trade Global Survey 2024: Protectionism Mithridatism

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  • Executive Summary
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  • Mithridatism: after the trade recession, exporters are more optimistic in 2024 but also more concerned with (and also more used to?) geopolitical risks, shortages of inputs and labor and financing and non-payment risks.
  • Selective globalization: one in two companies is considering relocating supply chains due to increasing geopolitical concerns. Will they walk the talk?
  • Three-body problem: there is no evidence of a full decoupling from China yet.
  • Tragedy of the horizons 2.0: companies are preparing to tap the potential of AI to transform trade, but progress on greening trade is painfully slow.
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