There has been a lot of talk on how the Covid-19 shock would mean the end of global supply chains and accelerate the shift away from globalisation. Are we witnessing the beginning of a re-shoring of production for many sectors of activity? Are we moving from the era of “just-in-time” to the one of “just-in-case”, as the new buzzwords suggest? The key question is, to what extent what is going on with respect to supply chains is a direct result of Covid-19 and what reflects longer – structural – trends?
Globalised supply chains have been designed to source components from where
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