Germany’s small and medium-sized enterprises (SMEs) are increasingly looking to expand their supply chains to India, while the US is losing popularity as a business location, a new survey has shown. Following a couple of tumultuous years which saw a global pandemic, Russia’s war in Ukraine and skyrocketing energy prices upend global trade, some 40% of German SMEs are planning to restructure their supply chains, according to the survey conducted by DZ Bank made available to dpa. Particularly larger companies with an annual turnover of €50 million ($54.3 million) are considering expanding trade …