Factory closures, import restrictions and export bans in the wake of COVID-19 have fractured supply chains the world over, adding pressure for diversification or reshoring. Yet, these are two distinct options and neither is easy to implement, especially at a time when many firms are focused mainly on the demand picture.
The economic damage and political rancour that has followed the COVID-19 crisis is stoking protectionist sentiment in major economies. With the Doha Round long moribund, and the United States seemingly prepared to see the WTO succumb to paralysis if it cannot be reformed, the best hope for further trade liberalization is to be found within regions rather than globally. This signals a shift to shorter, regionally-focused and potentially diversified supply chains.
However, the experience of the COVID-19 crisis shows that countries cannot always rely on their near neighbours for critical supplies. Is self-sufficiency the best option?
By attending this webcast, you will be able to answer the following questions:
In the wake of COVID-19 and our new working world, the 36th Global Horizons now becomes a transformative "knowledge exchange", launching this June an extensive series of online forums entitled Global Horizons Virtual that will culminate in the Global Horizons Conference in London in March 2021.
The 36th Global Horizons is the result of a unique partnership between Oxford Analytica, the pioneer of geopolitical analysis, and The Conference Board, the leading business think tank providing insights for what's ahead.
The mission of Global Horizons is to gather the thought leaders, senior executives and principal policy makers to examine the critical issues shaping business, government and society.
This On-Demand Webcast is Complimentary.