The semiconductor chip crisis: How we got here
Implications and long-term management of the semiconductor shortage.
Implications and long-term management of the semiconductor shortage.
Global value chains (GVCs) are experiencing a de-globalization and decoupling trend, and determining its impacts on trade systems and industry status is key.
Alternatives to industrial policy for semiconductor supply chain resilience.
Evidence from the COVID-19 pandemic and the global financial crisis.
Advances in production technology and a trend towards shorter supply chains make a return to “business as usual” highly unlikely.
The recovery of supply chains can be supported through trade policies and firm-specific initiatives.
Automation and reshoring mitigate risks. Industrial policies aiming to reduce dependence on global supply chains could accelerate the trend.
COVID-19 struck at the core of GVC hub regions, with severe implications for international production networks.