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Global Trade Is on the Rebound. Are Suppliers Getting the Benefit?

A “rebound” in global trade is underway, and the U.S. and China are the big beneficiaries, according to a new report from Tradeshift. For suppliers, however, the news isn’t all good.

Tradeshift’s Q1 Index of Global Trade Health, which measures purchases, orders and invoices in B2B activity, shows total transaction volumes improving by one point over the previous quarter, and three points shy of the anticipated range for the first quarter of 2024. And while that result seems underwhelming — it was the ninth straight quarter of growth falling short of expectations — Q1 marked “the third consecutive quarter of upward momentum after a prolonged period of sluggish activity,” Tradeshift said.