84% of international businesses are focused on diversifying their supply chains to mitigate trade risks, according to a new survey by HSBC.
The research compiles the views of 6,759 decision makers across 17 markets regarding tariffs and trade.
67% of those surveyed feel more certain about the impact of trade policy on their operations than they did six months ago, while 77% say they can easily understand recent trade policy changes.
"Despite global negotiations and shifting tariffs, businesses appear to be settling into a steady state of constant adaptation," said Vivek Ramachandran, Head of Global Trade Solutions at HSBC.
"Improved clarity over trade and tariffs has emboldened businesses to plan ahead, with many seeing international trade not as a risk, but as an opportunity to reinvent," he added.
The survey suggests that revenue concerns have eased, with only 22% fearing severe revenue losses above 25%, down from 37% six months ago.
Most companies now expect revenues to increase in the next six months and over the next two years.
Half of all companies plan to enter new markets, while 47% are rebalancing products and services, and 43% are exploring mergers or acquisitions
"While cost and revenue pressures persist, companies are increasingly forward-looking, realigning supply chains, seeking new markets, and building the financial resilience needed to thrive amidst unpredictability," Mr Ramachandran added.
