Deglobalisation set to continue regardless of US presidential transition: OCBC

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The Straits Times 1w ago

Deglobalisation set to continue regardless of US presidential transition: OCBC - The Straits Times

Quick Summary:

The bank is on track to securing 500 new regional mandates for cash management ahead of its 2027 timeline.

SINGAPORE – Companies are rethinking their supply chains as the global economy becomes less connected – a process that will carry on despite the upcoming change of government in the US, said a senior banker.

OCBC's head of global wholesale banking Tan Teck Long said businesses will likely continue diversifying their operations.