Global Supply Chains – Networks of Tomorrow

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Discover the latest supply chains trends and how corporates are shifting their strategies.

Trade remains the bedrock of the global economy – having reached a record USD32 trillion in 2022¹ – despite prevailing recessionary concerns and the risks around deglobalisation.

In researching for the ‘Global Supply Chains – Networks of Tomorrow’ report, HSBC teamed up with East and Partners to understand global supply chains and the future of supply chain financing and sustainability.

HSBC has based this report on primary research conducted by East and Partners between August and October 2022, directly interviewing senior management from 787 corporations across 14 markets² in Asia Pacific, Europe, North America, Latin America, and the Middle East, to gather direct feedback about how they are managing their supply chains and interacting with their suppliers.

Corporates are planning for uncertainty. Equally, they're trying to find the balance between stocking up for just-in-case and carrying additional inventory costs.
Vivek Ramachandran | Head of Global Trade and Receivables Finance, HSBC

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United States of America

Shifting supply chain strategies

The factors influencing supply chains in the last year

Inventory management

83%

are holding excess stock due to the logistical challenges

Supplier relationships

64%

are planning to reduce their supplier base in the next 12-24 months

Risk management

28%

view currency risk as the key supply chain management cost concern

Navigating new market conditions

How external factors are impacting risk and financing across supply chains

Trade finance

55%

are funding their supply chains using inventory financing

Digital payments

77%

pay their suppliers via electronic bank transfer or via purchase order

FX solutions

83%

will use forwards to hedge FX risk in the next 12-24 months

Ensuring supply chain resilience

How corporates are laying the foundations for future supply chains

Digitisation

46%

are looking for bank support to better visualise transactions across their supply chains

Sustainability

84%

are currently or planning to invest in supply chain sustainability

Sustainable policy implementation

40%

have implemented environmental policies across their supply chains

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Disclaimer

https://unctad.org/news/global-trade-set-hit-record-32-trillion-2022-outlook-increasingly-gloomy-2023
From August to October 2022, we commissioned East and Partners to directly interview senior management from 787 corporations across 14 markets (Australia, Germany, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, mainland China, Mexico, Singapore, the United Kingdom, the United States of America, United Arab Emirates) to find out how they are managing their supply chains.

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