0859 GMT - Two thirds of corporations surveyed by HSBC already experienced increases in costs due to the uncertainty around tariffs and trade, according to a survey by the global bank. Companies expect costs to increase further in both the short and long terms and forecast a revenue hit from supply chain delays. This is prompting more than three quarters of corporates to rethink their long-term business model. "The imperative for strategic adaptation is clear. Navigating this climate requires not only agility, but strong partnerships to ensure sustained growth in a shifting global economy," HSBC Global Trade Solutions' Vivek Ramachandran says. The survey draws from insight from 5,700 firms across 13 markets. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 23, 2025 04:59 ET (08:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.