For the second time, Kemiex conducted a comprehensive survey involving nearly 150 customers to gain a clearer view of the current landscape and sentiment in the global ingredients trade. After a year marked by intense inflation, high interest rates, and inventory adjustments, 2024 presents a fresh set of challenges for the industry.
Trade tensions have intensified between major economies, bringing tariffs and anti-dumping measures to the forefront. These protective stances are creating ripple effects across the supply chain, straining freight and logistics. Geopolitical pressures, particularly in the Middle East, further complicate the global flow of goods, compounded by unforeseen incidents such as strikes and accidents.
Amid this volatility, sustainability takes on a heightened role as regulatory expectations grow. Market dynamics continue to adjust in response to more stable pricing, moderated interest rates, and shifting consumer demand in what appears to be a lower-growth environment.
This survey offers timely insights into how industry players are navigating these complex factors, providing valuable perspective on the evolving state of global ingredients trade.
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