Geopolitical uncertainties, Trump 2.0, AI to influence global trade in 2025: Experts
India, they said, need to prioritise their AI (artificial intelligence) strategy as it promises to transform trade logistics and supply chain management and reshape traditional trade patterns.
«AI is fast emerging as an important vehicle for future trade's journey. The AI-driven digital transformation is poised to boost not only services trade, but it may also create whole new categories of tradable AI-powered goods — from autonomous vehicles to robotics and beyond,» trade expert and Hi-Tech Gears Chairman Deep Kapuria said.
He said while geopolitical tensions are beyond the competency of the private sector to influence, businesses from the developing world need to invest resources to comply with growing needs to meet sustainability parameters both environmental and social.
«Complying with sustainability indicators is also important for companies to get integrated into GVCs (global value chains) as new laws such as EU Corporate Sustainability Due Diligence Directive make it legally mandatory to ensure supply chain becomes sustainable,» Kapuria said.
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