Supply Chain Resilience

Trade Bites

Global supply chains have barely left the headlines in recent years. It is a fact of modern life that many of the goods we consume have multiple components manufactured in different places at different times which somehow come together to create the finished article. Yet global supply chains have started to come under pressure from a series of shocks ranging from the geopolitical to the environmental. From baby formula to cars, when consumers face shortages supply chains become part of everyday vocabulary. Besides the recent dislocations caused by the pandemic and the war in Ukraine, there are inherent political, technical and ethical dimensions to supply chains themselves and how they function. How could life be made easier for manufacturers of complex goods with complex supply chains? Have supply chains and globalisation become too complex? Will we ever get back to those days where we won’t hear the phrase “we can’t get the parts” as often as we do today? To answer these questions and more Chris Horseman is joined by Dr Sam Roscoe, Research Fellow at the UK Trade Policy Observatory at the University of Sussex Business School, Dr Chad P. Bown, Senior Fellow at the Peterson Institute for International Economics in the US, and Dr Chul Chung, Senior Research Fellow at the Korea Institute for International Economic Policy.