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The world is an increasingly
volatile place. And BCG's Global

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Trade Report tries to give a
perspective of how the world

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economy, and particularly trade,
is evolving over the next decade.

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There are countries and regions
that will clearly grow, while

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others have a more uncertain
future.

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When we look particularly at the
Global South, we see growth.

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China will do a pivot, pivoting
away from the Western trading partners

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towards partners in the Global South and in Russia.

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To be more concrete, we predict $200

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billion less trade with the West
and more than $200 billion more

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trade with Russia and more than
$1 trillion additional trade

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with the Global South.

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And then there is North America,
traditionally a very close-knit

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trading bloc, but of course
today with a question mark,

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given the recent announcement of
the new administration.

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Europe will need to focus on energy
resilience, critical minerals,

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and also on the competitiveness
of its industry.

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So you see the variety of
tendencies, and that's why we

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believe at BCG that companies
need to develop their

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geopolitical muscle, which is
the ability to interpret

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geopolitical development, to
project them into scenarios,

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and to integrate them in your
strategic decision making.

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It means that you need to really
think around where are your

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supply chains of the future,
where do you establish your

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geopolitical radar, and how do
you collaborate with governments

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and countries around the world.

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In this world, geopolitical resilience
is not an optionality, it's a must.