10 Feb World Economic Forum and global challenges in the logistics chain by 2023
Today we have been living a series of risks that increasingly become more worrying and generate certain concerns among us, that is why, according to the report made by the World Economic Forum, they found as evidence some points which we will have to face in the coming decades.
At the beginning of an era of low growth and low cooperation, the prospects for working for human growth and taking actions to cooperate with the reduction of climate change.
The main risks of the supply chain for this 2023 are the following which were obtained in a survey of perception of global risks
● Cost of living
● Energy supply crisis
● Rising inflation
● Food supply crisis
● Cyberattack on critical infrastructures
Some indicators belonging to last year still remain as worrying indicators for this year:
● Non-compliance with net zero targets
● Militarization of economic policy
● Weakening of human rights
● Debt crisis
● Non-food supply chain failure
Some of the most worrying severe risks that were found are the crisis that exists in the cost of living, it is worth mentioning that this risk is not classified as severe within the next two years, but is calculated and linked to the other four within the top 5.
During the year 2022, the costs rose much more, some of the factors which influenced the rise in costs are the flows of energy and food from Russia and Ukraine, to reduce the inflation of these countries around 30 countries began to apply certain restrictions such as the export of food and energy thus achieving the increase in world inflation last year.
In a section on the supply chain, the World Economic Forum showed that there is an increase between the supply and demand of natural resources which have been causing crises, as well as disruptions in the supply chain which in recent years some strategic sectors have been affected by this increase, thus generating an alarm which must be taken immediately to prevent this crisis from continuing to develop.
Some strategies proposed to try to stop these threats are to propose the use and expansion of device ranges which some of the objectives are to collect intelligent information about the future, taking into account some sectors such as the economy, business, investment funds, insurance and urban planning that can be developed in different parts of the world.
The report of the World Economic Forum concludes that, in the next two years, governments and central banks would be going through inflationary pressures, as long as the war in Ukraine continues to drag on, some of the factors to consider which could also aggravate this situation are the necks originated due to COVID-19 and the continuous problems developed in the supply chain.
Finally, what awaits Mexico in the coming years is the threat of possible inflation in the business sector, since on the map of the World Economic Forum the countries of Mexico and Canada appear in orange, while the United States appears in red, which means that the regions in orange could take advantage of the crisis of their neighbors that are in red. so that in this way they can obtain a stable development.
Juárez, C. (2023, January 23). Global risks 2023 around the supply chain, according to the WEF. The Logistics World. https://thelogisticsworld.com/planeacion-estrategica/riesgos-mundiales-2023-en-torno-a-la-supply-chain-segun-el-wef/