The Global Supply Chain Promotion Report 2024 was released on Tuesday during the ongoing China International Supply Chain Expo in Beijing, hosted by the China Council for the Promotion of International Trade.
As the flagship publication of the event, the report offers an in-depth analysis of the latest trends, challenges and development in global supply chains.
The report provides global supply chain maps for 11 key industries, including humanoid robots, smart cars, integrated circuits, wind power, coffee and cotton. These maps illustrate the distribution of supply chains across the upstream, midstream and downstream sectors, as well as the dominant economies and enterprises at each stage.
The report indicates that global logistics, communication, and financial infrastructure development are trending toward balancing efficiency and security, demonstrating resilience and ensuring effective global supply chain connectivity. New multilateral and bilateral trade rules are beginning to explore rule-making in emerging areas.
Alongside the report, two new indexes were introduced: the Global Supply Chain Connectivity Index (GSCCI) and the Global Supply Chain Promotion Index (GSCPI). These indexes aim to provide deeper insights into global supply chain development trends and risks, helping governments and businesses better understand the evolving global supply chain landscape.
The GSCCI is the world's first comprehensive index measuring global supply chain connectivity. It is based on over 1.26 million pieces of high-quality data from international organizations such as the World Bank, the World Trade Organization and the International Monetary Fund, as well as statistical authorities from major economies and global databases. The results, which have passed rigorous significance and robustness tests, provide a scientific and objective assessment of global supply chain connectivity.
The study found that from 2014 to 2023, the connectivity index showed a fluctuating upward trend, rising from 0.271 to 0.732, an increase of 170 percent, which is at a historical high. The increase in the level of global supply chain connectivity is mainly due to the significant increase in the connectivity of factors within the supply chain, according to the GSCCI.
Meanwhile, the GSCPI, the world's first index to quantitatively assess the level of global supply chain promotion, is based on a multi-layer calculation of over 50,000 pieces of authoritative data from international organizations. This index reflects the changes in the global supply chain promotion system in recent years.
The GSCPI shows that from 2018 to 2023, the level of global supply chain promotion increased significantly, with the promotion index rising from 0.27 to 0.66, an increase of 144 percent. This shows that the level of global supply chain promotion is on an upward trend, and the overall development environment of the global supply chain is improving.
The Global Supply Chain Promotion Report 2024 and the introduction of the two indixes explain the latest trends in global supply chain promotion, the current status of global supply chain connectivity, and the underlying reasons behind them. They are expected to help stakeholders navigate the complexities of the evolving global supply chain environment in the coming years.
The release event also drew over 300 industry, academic and media representatives, who gathered to discuss the future of global supply chains. Key topics included the need for greater international collaboration to build a safe, stable and efficient global supply chain system that is open, inclusive and mutually beneficial.
Supply chain expo unveils global supply chain report, dual indixes
Supply chain expo unveils global supply chain report, dual indixes
