The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: ggersh who wrote (7974)	9/21/2021 10:19:47 AM
From: elmatador	of 13798

reshoring production US and European strategies for resilient supply chains Balancing globalization and sovereignty RESEARCH PAPER14 SEPTEMBER 2021ISBN: 9781784134884 Marianne Schneider-PetsingerSenior Research Fellow, US and the Americas Programme Email MarianneTwitter The US, the EU and the UK hold a leading position in international trade and the global economy, and enjoy wide-reaching economic partnerships with Asia-Pacific nations. Governments in the US and Europe have a critically important role to play in supporting firms’ efforts to build visible, agile and sustainable supply chains that have resilience against unexpected disruptions. Geopolitical and trade tensions in recent years, and the shift towards digital, service-led and low-carbon economies, have driven the rethinking and restructuring of traditional, efficiency-oriented, global production networks, even before the disruptions of the COVID-19 pandemic. This paper offers insights into how US and European governments can harness an array of public policy tools to protect strategic supply chains without sliding into protectionism and while managing resultant trade-offs. The most sustainable opportunities will require a mix of approaches, ranging from reshoring production to establishing stockpiles of critical inputs, while collaborating at bilateral, regional and global level to reinforce the international trade system.

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