Supply chain confidence has increased across the globe, according to a new Business Optimism Insights report from Dun & Bradstreet.
The report also indicates that businesses are now adopting a growth mindset, as reflected in the overall optimism index.
However confidence that suppliers are able to deliver goods on time has dropped sharply by 6.3%, due to geopolitical tensions, trade disputes, and climate-related disruptions in maritime trade causing higher delivery costs and delayed delivery times.
”Leaders have endured frequent economic disruptions over the past few years and have become more adept at dealing with them; however, they remain cautious of geopolitical conflicts and supply chain disruptions,” said Neeraj Sahai, president, Dun & Bradstreet International.
“This shift in mindset suggests anticipation of additional growth in the forthcoming quarters, albeit with an underlying sense of continued caution.”
Data headlines
- The Global Business Optimism Index increased by 6.6% in Q1 2024 compared with Q4 2023, indicating that businesses in advanced economies now feel more confident about their ability to absorb geopolitical and policy shocks, and are focusing more on…
