When it comes to the global trade, technological advancements and political developments can affect the nature of how goods and services are exchanged. Political adjustments and protectionist polices can strain relationships, resulting in disavowed multilateral trade agreements, fluctuating commodity prices and the fall of major manufacturing hubs. Although changes may be unpredictable, new challenges will create opportunity and steer the industry over the next decade.
Geopolitics challenge the Future of Trade. In the last decade, trade barriers in major trading hubs have decreased, however global trade has been sluggish. Stalled trade negotiations and non-tariff barriers could be hindering global trade growth. Political changes such as the US election and Brexit in 2016 have also had significant effects on businesses and trade.