BRICS Enlargement Increases Control Over Supply Chains

Since January 1, 2024, the BRICS (Brazil, Russia, India, China, and South Africa) have grown with Saudi Arabia, the United Arab Emirates, Iran, Egypt, Ethiopia, and Argentina.

A report by Deutsche Bank warns that the expansion of the BRICS means control of a greater share of mineral resources, which will have an impact on supply chains.
“Also important is the African Union’s recent G20 accession agreement and the India-Middle East-Europe (IMEC) transport corridor proposal,” as they will become an important pillar for Asia’s growth and transformation, particularly for China and India.

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