Risk, resilience and recalibration in global value chains
China’s post-COVID-19 recovery may hold clues to the future of global value chains.
China’s post-COVID-19 recovery may hold clues to the future of global value chains.
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.