• Euler Hermes expects global supply-chain disruptions to remain high until H2 2022.
• When it comes to inputs from China, Europe is losing the tug-of-war against the US, but reshoring remains more talk than walk.
• Global trade in volume to grow by +5.4% in 2022 and +4.0% in 2023.
PARIS – DECEMBER 9, 2021 – Global supply-chain disruptions could remain high until H2 2022 amid renewed Covid-19 outbreaks around the world, China’s sustained zero-Covid policy and demand and logistic volatility during Chinese New Year, according to Euler Hermes’ Global Trade Report. Nevertheless, the trade credit insurer expects trade growth to remain strong through 2022 and 2023, with some clear winners across regions and sectors.