Bloomberg Radio & Financial Times
On Bloomberg Radio and in the Financial Times, BCG’s Tim Figures explains that global trade flows are changing as companies prioritize secure and resilient supply chains over more efficient but potentially risky ones. BCG research forecasts that world trade in goods will grow at 2.8% per year, on average, through 2032, while global GDP will grow at a rate of 3.1%. Figures tells Bloomberg that he expects to see more emphasis on regional trading blocs and less on big global trading relationships that are economically efficient but have environmental and social consequences.