Small and medium enterprises' resilience and viability in turbulent times
Inertia is not an option for small and medium enterprises (SMEs).
Inertia is not an option for small and medium enterprises (SMEs).
The potential for bringing production back home crucially depends on local innovation ecosystems.
As most countries experience COVID-19 related lockdowns, there are concerns about both the present and the future of global supply chains.
Innovation can provide swift remedies to the COVID-19 linked recession. Policy should contain incentives to innovate in the long-term.
Automation and reshoring mitigate risks. Industrial policies aiming to reduce dependence on global supply chains could accelerate the trend.