Ahmed Bin Sulayem, DMCC’s Executive Chairman and CEO, unveiled the report on Tuesday at the Royal Society of Arts in London, United Kingdom. During the launch event, DMCC’s representatives shared their views on the report alongside a panel of international industry leaders and economists from Hitachi ZeroCarbon, the Industrial and Commercial Bank of China (ICBC) and the European Center for International Political Economy (ECIPE).
The Future of Trade is the flagship thought leadership report series from DMCC on the changing nature of global trade. The report examines the impact of global economic trends, geopolitics, technology, sustainability and finance on the future of the trade landscape. The report series has been viewed and downloaded over 1.9 million times, underscoring DMCC’s growing recognition as a leading voice on international trade.
The report is a synthesis of expert opinions and detailed research on the outlook for international trade. DMCC convened nine global roundtables to seek insights from over 150 industry experts, interviewed trade specialists, analysed survey data and developed its commodity indices.
DMCC’s Future of Trade 2024 report puts forward a series of key recommendations to businesses and governments to accelerate growth and counter any headwinds:
1: Policy recommendations for businesses:
A: Reconfigure supply chains against geopolitical shifts. B: Invest in digital transformation and innovation. C: Prioritise sustainability at the board level. D: Mitigate climate-related supply chain risks. E: Engage with non-traditional finance sources.
2: Policy recommendations for governments:
a: Build new trade relationships. b: Invest in digital infrastructure and innovation. c: Foster AI adoption and regulation… d: Invest in sustainable infrastructure and technology. e: Prioritise all policy and non-policy measures to address the trade finance gap.
Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
