Political Landscape: Volatility and Trade Barriers
2024 was a landmark year politically, with over 70 countries holding elections. In more than 80% of democratic nations, incumbent governments were voted out, creating regional uncertainty and intensifying the divide between left- and right-leaning agendas.
The return of the Trump administration in the US has ushered in tariffs, shifting global trade dynamics. Meanwhile, the ongoing Russia-Ukraine conflict and the crisis in Gaza continue to cast long shadows over global stability, prompting sanctions, boycotts, and geopolitical realignments.
For businesses, this means heightened unpredictability in trade relations, particularly for those exporting to or importing from the US or conflict-affected regions. Supply chains remain vulnerable, and long-term strategic planning must factor in fluctuating political risks.
Fiscal Pressure: Reshoring and Localisation
Political upheaval is influencing fiscal policy across the globe, with particular implications for interest rates and trade incentives. The Trump administration’s economic stance has prompted renewed focus on reshoring with production being brough back to domestic markets.
This presents a key opportunity for businesses to pivot toward local production. For the print industry, this may drive demand for faster turnaround, localized support, and on-demand production technologies.