Global lessons for supply chains from the Great Lockdown
China, the EU and the US are responsible for 63% of world supply-chain imports, and 64% of supply-chain exports; this should change
When the shutters came down on China, the EU and the US amid the Covid-19 pandemic, the disruption to global trade was profound. But within these challenges lay opportunities for more resilient and inclusive supply chains to arise.
New data is emerging showing just how far the ripples of the Great Lockdown in the world’s three major supply chain hubs have spread into developing countries, many of which also went into lockdown. Millions of small and medium enterprises (MSMEs), employing millions of people across Asia-Pacific, Latin America, the Caribbean and Africa, have been affected. As an international community we have a responsibility to provide a comprehensive response for the recovery and to bolster the resilience of MSMEs against future crises...
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