“There’s a new equilibrium state being formed in this new supply chain pattern and they’re much more regional in nature,” he said at the Bloomberg New Economy Forum in Singapore on Thursday. “The industrial economy is going to take a little longer to change. But once it changes, it’s difficult to go back.”US President Donald Trump’s tariffs and the end of an exemption for low-value goods has upended global parcel trade and is likely to continue to weigh on the industry’s outlook next year. FedEx, one of th ...