Exploring de-globalization trends: The impact on Logistics Companies

In recent years, rising protectionism, social insecurity and geopolitical tensions have contributed to a retreat from economic liberalization. As critical enablers of global commerce, shipping companies are particularly exposed to the consequences of de-globalization and reconfiguration of GVCs. Understanding how these firms are affected offers valuable insights into how they can adapt and mitigate the impacts of a more fragmented global trade environment. This thesis explores how de-globalization trends, manifested through protectionist policies, impact the operations and strategic responses of logistics firms, with a particular focus on the maritime transportation sector. It further aims to provide insights on broader transformations in the global economic landscape and how the sector seeks to maintain its role in facilitating global trade under increasing uncertainty. Using a multiple-case study approach, the research draws on four semi-structured interviews with representatives from different logistics firms. The research examines how each company perceives, experiences, and responds to the challenges posed by de-globalization and trade protectionism. The findings suggest that trade protectionism serves as a cause for GVC disruption, negatively impacting firms’ operations. Specific challenges emerge concerning asset optimization and operational efficiency. The maritime sector, a cornerstone of globalization, is now exposed to growing uncertainty, prompting firms to respond with strategies such as slowsteaming and blanksailing, along with market diversification to reduce exposure to volatility. The abilities to anticipate external shocks and adapt strategically emerge as key differentiators. This thesis contributes to the growing literature on de-globalization by providing sector-specific insights, addressing recent academic calls to examine the extent of trade protectionism and its impact on GVCs. It further offers practical implications for policymakers and business leaders seeking to navigate a more fragmented and uncertain global trade environment.