Global businesses have been hit with surging costs, supply chain disruptions and have to rethink their strategy and planned investments as tariffs and shifting trade policies continue to impact their enterprises.
This is according to the findings of HSBC鈥檚 2025 Global Trade Pulse Survey, which offers insight into the business plans and sentiment of over 5,700 international firms across 13 markets regarding tariffs and trade, said a press release.
The survey revealed that two-thirds of corporations have already experienced cost increases due to tariff and trade uncertainty 鈥� and the worst may be yet to come. Companies expect costs to escalate further in both the short-term (73 per cent) and the long-term (72 per cent).
Businesses also expect an average decline in revenues of 18 per cent due to supply chain delays. Over half of the respondents (51 per cent) felt rising costs were the number one concern for supply chain strategies and 85 per cent of corporates have revised or plan to revise their pricing strategy upwards to reflect higher costs or market changes.
Vivek Ramachandran, head of global trade solutions at HSBC, said, 鈥楾he current landscape of tariffs and trade uncertainty presents significant challenges for businesses, but they are showing great resilience and adaptability in the way they operate.鈥�
