Global supply chain disruptions to remain until mid-2022

CNBC, citing the opinion of experts from Euler Hermes, reported that supply problems will persist in the next few months. Their solution will be impeded by the next outbreaks of coronavirus diseases. They will demand tougher restrictive measures. In addition, trade instability is expected during the coming holidays. The supplies’ restoration may begin in the second half of next year. At the same time, Euler Hermes experts noted that the main reason for the world trade drop is the decline in production. The dependence of world trade on this factor is estimated at 75%. The impact of logistics issues on the trade is 25%. Experts believe that the influence of these factors will weaken in the second half of next year. Euler Hermes has released its global economic forecast. It will demonstrate an increase of 8.3% by the end of this year. In 2022 and 2023, the volume of world trade will increase by 5.4% and 4%, respectively.

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Arseny Kudrin

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