The role of the global supply chains in the COVID-19 pandemic and beyond
As most countries experience COVID-19 related lockdowns, there are concerns about both the present and the future of global supply chains.
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.
Policy responses to COVID-19 need to manage short-term effects of the pandemic while setting conditions for economic recovery.
COVID-19 struck at the core of GVC hub regions, with severe implications for international production networks.
Policy actions and coordination will be crucial in mitigating the impacts of the global pandemic on industry.