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.
Integration of manufacturing firms in global value chains offers opportunities for countries to raise employment, exports and productivity.
The recovery of supply chains can be supported through trade policies and firm-specific initiatives.
COVID-19 struck at the core of GVC hub regions, with severe implications for international production networks.