European markets are under pressure after French President Emmanuel Macron called for a surprise snap election following his centrist coalition being trounced by the far right in parliamentary elections. HSBC Americas Head of Global Trade Solutions Marissa Adams breaks down the news and how it’s affecting global markets.
Adams notes that more than 60 countries this year will have or have already had an election. She explains, "Given all the multipolarity, obviously we can see that supply chain challenges remain regardless of which markets you’re in."
She says that the Covid-19 pandemic was a "wake-up call" revealing risks in supply chains. However, she notes that we’re in a "new era" post-pandemic where supply chain disruption has become the new norm. She explains that investors should understand whether companies are prioritizing supply chain resiliency, if they are concentrated in key markets, and if they are investing in supply chain infrastructure.
Adams reiterates that "supply chains are complex," and notes that with the current inflation, "it’s really important for companies to really look at their suppliers, to see how they can protect them and help them in this inflationary environment."
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