In the wake of myriad challenges, from supply chain disruption to climate shocks, geopolitical tensions and economic competition, a new industrial model is emerging that is reshaping trade – and revolutionising the international export finance system.

Across the globe, nations are reassessing economic relations, dependencies and vulnerabilities. This, in turn, is driving three pivotal shifts. The first is a concerted effort to revive important industries, both to reduce reliance on distant and potentially disrupted suppliers as well as to encourage the return of jobs from overseas. In addition, a marked shift towards green and digital technologies is underway, with strong emphasis being placed on the clean energy transition. Finally, to fuel this transformation, policymakers and business leaders alike are setting their sights on ensuring a secure supply of the materials and components needed for the economy of the future.

Source: GTR