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IHS Forecasts Global Trade Surge After Steep 2020 Fall

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Global trade is set for a significant rebound in 2021, following a historic Covid contraction, but uncertainties remain, said Dr. Tomasz Brodzicki, senior economist at IHS Markit. IHS Markit’s Global Trade Atlas forecasts real value of global trade, adjusted for inflation, to surge a year-over-year 7.6 percent this year and 5.2 percent in 2022. This…

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