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Supply chain instability threatens security of supplies: options for industry and policymakers
Instabile Lieferketten gefährden die Versorgungssicherheit: Handlungsoptionen für Unternehmen und Politik
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Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit
Abstract The Covid pandemic has severely upset global supply chains. This disruption has now spread to many branches of industry, and consumers are starting to feel the impact. No short-term improvement is in sight, which has serious implications for manufacturing processes all over the world. To begin with... view more
The Covid pandemic has severely upset global supply chains. This disruption has now spread to many branches of industry, and consumers are starting to feel the impact. No short-term improvement is in sight, which has serious implications for manufacturing processes all over the world. To begin with, the pandemic primarily affected personal protective equipment; however, the collapse in international trade has also created delivery bottlenecks in other sectors. The instability of supply chains has become painfully obvious during the pandemic. This endangers the security of supplies just as much as cyber attacks or geopolitical imponderables along supply chains do. To respond appropriately to these challenges, the pandemic-related disruptions must be seen as both a challenge and a chance. Lasting changes have to be initiated in the design of supply chains by both businesses and policymakers, so as to counteract the increasing vulnerability of the chains and to meet the growing demand for critical goods. (author's abstract)... view less
Keywords
foreign trade; subcontractor; supply; logistics; industrial production; commerce; Federal Republic of Germany
Classification
Political Economy
Free Keywords
Global; Internationaler Handel; Lieferer-Abnehmer-Beziehungen; Versorgungsschwierigkeiten; Störung/Entstörung; Verkehrswege/Verkehrsnetz; Wirkung/Auswirkung; Abhängigkeit; Versorgungssicherheit; Effizienz/Effektivität; Gegenmaßnahme; Option; Politische Strategie; Resilienz; Verantwortung; Rohstoffversorgung
Document language
English
Publication Year
2021
City
Berlin
Page/Pages
7 p.
Series
SWP Comment, 60/2021
DOI
https://doi.org/10.18449/2021C60
ISSN
2747-5107
Status
Published Version; reviewed
Licence
Deposit Licence - No Redistribution, No Modifications