Reconfiguring Global Value Chains amid New Trade Tensions: Adapting in a Fragmented World

→ Geoeconomic tensions have spurred diversification strategies such as China+1, nearshoring, and friendshoring, reshaping value chains to reduce concentration risks in China.

→ Although Chinese exports are rerouted through third countries (Mexico, Vietnam), recent U.S. “Liberation Day” tariffs curb these tactics, yet six in ten companies have already altered their logistics routes in 2025.

→ Europe prioritizes derisking over full decoupling, diversifying critical input suppliers and accelerating single-market integration to boost competitiveness and resilience to global crises.