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10 December 2021 / Report
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Copy LinkRedesigning of supply chains will continue in the decade ahead. Key drivers of potential changes to global supply chains include transport capacity risks, climate change, geopolitical risks, concerns about sustainability, cyber risk, the high cost of energy, labor shortages, high inflation, and the possibility of new trade barriers. To respond to these challenges, businesses will need supply chains that are resilient (able to absorb and recover from shocks) and agile (capable of correcting course swiftly and effectively without significantly increasing operational costs).
Global production networks are not going to disappear. However, localization of production and sourcing will continue, and in some cases accelerate, driven by the need for increased resilience and supply security. Such reshoring of goods supply chains may prove inflationary. At the same time, China will remain a crucial hub for manufacturing, but supply chains in and around China will chang
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