While the trade outlook remains generally positive, global events and lingering challenges from the pandemic may put a damper on multinational companies operating throughout the region. Global fragmentation, protectionism, and increased costs of production and logistics are requiring leaders to rebuild global value chains, while several regional trade agreements are presenting new opportunities in production diversification and market access. How are leaders adjusting to the trade challenges? What opportunities exist to build more resilient and efficient value chains in the year ahead?