Companies moving supply chains closer to home after spate of shipping disruptions, report says
Just-in-time policies continue to be replaced by just-in-case as companies increase their inventory buffers from an average 8.9 weeks in 2021 to 10.1 weeks in 2022.
The Trade in Transition study presented at the World Economic Forum in Davos. L-R; John Ferguson, principal lead - new globalization, Economist Impact; Sultan Ahmed Bin Sulayem, DP World Group chairman and CEO; Sarquis J.B. Sarquis, secretary of foreign trade and economic affairs, Brazil; Hanneke Faber, president of nutrition, Unilever and Eric Loeb, chair, US Council for International BusinessPhoto: DP World
