July 14, 2020
Introducing The Tradeshift Index of Global Trade Health—a new quarterly report that uses the data flowing across the Tradeshift network to provide a unique insight into the state of global trade.
Ever since reports of the virus first emerged in January, we've followed the impact of the pandemic on business-to-business trade and the health of global supply chains. It’s been an extraordinary few months. We see this in our data, which shows a 14.8% fall in trade activity globally in Q2 compared to Q1.
Yet while the data shows the green shoots of a post-lockdown recovery starting to emerge, the overall picture remains volatile. And, given the globally interconnected nature of trade and supply chains, it’s unlikely we’ll see a sustained global recovery until every region is in a position to do so.
Some key findings from the report are that:
Read the full report to discover the real impact of COVID-19 on global trade. Then hear what our Co-Founder and SVP for Asia Pacific, Mikkel Hippe Brun, believes organizations must do to prevent another crisis having such a dramatic impact on their supply chains.