Is Industry 4.0 driving the backshoring of manufacturing activity?
The potential for bringing production back home crucially depends on local innovation ecosystems.
The potential for bringing production back home crucially depends on local innovation ecosystems.
COVID-19 crisis offers opportunities to foster industrialization by building synergies between policy areas such as healthcare and industry.
As most countries experience COVID-19 related lockdowns, there are concerns about both the present and the future of global supply chains.
The pandemic is a reminder that investments in scientific, technological and productive capacities are necessary to build resilience in crises.
Innovation can provide swift remedies to the COVID-19 linked recession. Policy should contain incentives to innovate in the long-term.
The recovery of supply chains can be supported through trade policies and firm-specific initiatives.
Resolute policy action is required to sustain productive capacity and mitigate supply and demand shocks.
Policy responses to COVID-19 need to manage short-term effects of the pandemic while setting conditions for economic recovery.