Decentralizing Supply Chains: A Path to Resilience

At the World Economic Forum in Davos, Ngozi Okonjo-Iweala, the Director-General of the World Trade Organization (WTO), emphasized the importance of diversifying and decentralizing supply chains. This strategy, according to Okonjo-Iweala, is crucial for building economic resilience and attracting investments that can create local jobs.

Artificial Intelligence: A Game Changer for Trade

In addition to supply chain decentralization, Okonjo-Iweala highlighted the potential of artificial intelligence in revolutionizing trade. She pointed out that adopting AI technologies could significantly enhance productivity and reduce costs, thereby benefiting the global trade ecosystem.