According to HSBC, Asian businesses expect supply-chain disruption to have a slightly lower impact on revenue than in May. HSBC’s latest findings say firms in Asia are forecasting a 13% negative impact on revenue, down from 18% when it last conducted its survey six months ago.
More than 2 in 3, or 68%, of Asian businesses surveyed by HSBC, feel more certain about trade than they were six months ago, HSBC says in a statement on Nov 24.
The statement cites findings from HSBC’s Trade Pulse Report, which was published on Nov 18. The first report in the series was released in May, and last week’s report was the second and latest entry. HSBC’s survey ran from Oct 6 to 21 and collected responses from 6,750 corporates across 17 markets, including countries such as mainland China, Hong Kong, India, Indonesia, Singapore, and the US.
