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Biz leaders see trade recovering from Covid faster than 2008 crisis: Study

Firms reallocating a third of their revenue from the first half of 2020 to re-modelling their supply chains

trade, economy, protectionism, duty, tax, rate, ease of doing, export, container, import, economy, sea, business, seafarer, merchan navy

Illustration: Ajay Mohanty

Aditi Divekar Mumbai
A study commissioned by global logistics operator DP World has found that 70 per cent of businesses predict trade will recover to pre-pandemic levels more quickly than recovery after the financial crisis of 2008, which took two years and two months.

Nearly a third thought the recovery would be twice as fast, with trade returned to pre-pandemic levels within a year.

The study conducted by The Economist Intelligence Unit, said that the data showed that the pandemic has brought lasting change to the way companies do business.

Eighty-three per cent of executives indicated that they are in the process of reconfiguring their supply

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First Published: Jan 19 2021 | 5:43 PM IST

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