Core Insights - Despite 85% of respondents expressing concerns about tariffs impacting their businesses, a significant portion of executives remain optimistic about future global trade growth, with 38% and 29% expecting "substantial" and "slight" growth respectively [1] - The primary opportunity identified by half of the respondents is leveraging technology, such as artificial intelligence, to enhance global trade, followed by diversifying production, investment, or supplier locations, and acquiring new technologies [1] - Major risks identified include geopolitical tensions, international or domestic conflicts/war, and protectionist policies in advanced economies [1] Business Costs - Approximately 35% of respondents anticipate that changes in global trade will increase their business costs by over 10% in the coming years, while 46% expect costs to rise by up to 10%, and only 6% foresee a decrease [1] - The fragmentation of the trade system is likely to elevate price risks [1] Corporate Actions - Due to significant changes in U.S. trade policy, 60% of companies have already relocated some production, investment, or supplier locations in recent years, with 61% indicating potential future relocations [1] Survey Demographics - The survey included 631 respondents from over 50 countries, with nearly 40% being CEOs and CFOs, and 56% from the highest management levels [2] - The majority of responses came from the UK and China, with approximately 240 and 60 replies respectively [2]