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.
Global trade has proved to be less vulnerable than many initially feared and may help drive the recovery.
As European businesses consider bringing their global operations closer to home the Western Balkan region stands to benefit from it.
The potential for bringing production back home crucially depends on local innovation ecosystems.
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.
COVID-19 struck at the core of GVC hub regions, with severe implications for international production networks.