WEBVTT

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<v ->While global trade in 2020 did not decrease</v>

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as much as many people had predicted

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at the beginning of the pandemic,

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structural shifts remain.

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Structural shifts that have been driven

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by geopolitical frictions and supply chain disruptions

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due to COVID-19.

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Looking forward, we are positive about global trade.

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We believe that global trade will increase

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by 3% per annum until 2030.

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But we also see fundamental regional shifts

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in trading routes,

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decreasing trading routes in the Northern Hemisphere,

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while increasing trading routes

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with South America, Africa, and Asia.

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These structural shifts are a core element

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of the future global trade landscape.

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But we also see changes when it comes to core products,

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be it in the health care area or in the high-tech area,

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where supply chain disruptions have taken place

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in the last months.

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Now, when you are a corporate leader

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and you have to handle that situation, what shall you do?

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It's not only about increasing inventory and buffer times,

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it is about thinking a completely new supply chain model,

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including local sourcing, or dual sourcing,

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or triple sourcing,

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and also bringing digital transparency

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to an end-to-end supply chain management.

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All this should be done with a clear perspective

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of a net zero supply chain management in the years to come.