By Sven Smit, with Jeffrey Condon & Krzysztof Kwiatkowski – McKinsey & Company
Surveyed executives continue to see shifts in trade policy as a disruptive force globally and locally, and their companies are exploring areas of opportunity in response.
For the second quarter in a row, surveyed executives view changes in trade policy and relationships as the primary disruption to global, domestic, and company growth. In the latest McKinsey Global Survey on economic conditions, just one-third of respondents say they are confident in their organizations’ ability to manage trade policy changes. However, they increasingly cite trade-related changes as a top opportunity for company growth, though the share doing so remains small, and executives report that their companies are making adjustments in response.