Confidence among the corporate services industry has been shaken as cross-border business becomes more complex.

According to Vistra’s latest report – Vistra 2030: Unlocking opportunity for the decade ahead – just 38 percent of respondents are confident about their firm’s growth prospects, down from 75 percent in 2018, as Covid-19 takes hold.

Only 32 percent are confident about the ease of doing business across borders, a decrease from 61 percent in 2018.

Whether Covid-19 will accelerate the shift away from offshore towards onshore remains uncertain. 30 percent said it will, 38 percent weren’t sure, w...