Citigroup Clients Are Shifting Supply Chains Away from China
- The trend is likely to last for years, says Citi’s Livingstone
- It is ‘far too early’ to rely on ChatGPT in banking, he says
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Citigroup Inc.’s clients are shifting supply chains away from China in a trend that is likely to last for years, according to David Livingstone, the lender’s chief executive officer for Europe, the Middle East and Africa.
The Wall Street giant remains positive on China but a recalibration of global supply chains that’s been underway since the Covid pandemic has accelerated following the war in Ukraine, Livingstone said in an interview with Bloomberg Television.