Swiss businesses are increasingly adjusting their supply chains as they battle through the pandemic, choosing to place more orders with European firms, a survey found.
A Credit Suisse Group AG and procure.ch poll published on Wednesday found that approximately half the companies said they’d adapted their supply chains, up from one in three firms surveyed a year ago. It showed 18% said they were purchasing more within Switzerland, while 16% were looking at European suppliers.
Disruptions to international trade tied to Covid-19 outbreaks and uneven patterns of demand have pushed up shipping costs and is leading to shortages of inputs such as semiconductors.
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