New Delhi, Aug. 8 -- A few days ago we shared our thoughts about newly emerging geopolitical equations that threaten to reshape the existing global trade order.
These shifts, as many of you may have noticed, have only accelerated since the pandemic. What started as a quiet warning in the form of supply-chain disruptions has now become a full-blown realignment of trade priorities.
It all began with raw-material dependencies. The world had grown dangerously reliant on China. And while some progress has been made on diversification, the global economy still depends too heavily on one country.
You probably remember the chip crisis, the breakdown in chemical and pharma supply chains, and the recent rare-earths crisis.
Ironically, some of t...
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