The real asset renaissance: securing power, materials, and energy in a deglobalised world

Global supply chains are being reshaped by deglobalisation, geopolitics, and the race for energy and technological security, shifting the focus from efficiency toward resilience. In this environment of higher costs, persistent inflation pressures, and constrained supply, real assets may play an increasingly important role in helping investors navigate uncertainty and capture long‑term structural trends.

Key points:

• Global supply chains are shifting from low‑cost efficiency toward regional resilience, which may structurally raise costs and inflation pressures.
• Deglobalisation, energy security concerns, and the AI build‑out are increasing demand for real assets such as energy, metals, infrastructure, and logistics.
• Real assets may offer diversification and potential inflation resilience amid complexity, uncertainty and persistent supply constraints.