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.
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.