16 July, 2020 | (01 hr)
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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:
- How far did the deglobalisation of major supply chains proceed in the two years before the COVID-19 pandemic?
- Which sectors’ supply chains have been most exposed this year, and which ones have seen limited disruption?
- Which products and services are governments now intending to designate as essential items that must be sourced domestically or regionally?
- Which business sectors will accelerate reshoring or diversification plans as a result of the COVID-19 crisis?
- How will investment in technology and considerations on sustainability alter these decisions?
- Which countries are positioned to benefit if there is the diversification of global supply chains or a movement to reshoring?
Alexis H. Bateman
Alexis Bateman is a Research Scientist and Director of MIT Sustainable Supply chains. She also serves as a course lead and instructor for the MITx MicroMasters in Supply Chain Management, a pioneering program in digital education reaching 100,...Full Bio
Douglas Bell serves as the EY Global Trade Policy Leader. In this role he advises EY on national and global cross border economic policy developments, and monitors the trade policy environment to identify strategic and operational opportunities to help clients and EY utilize...Full Bio
Mike Dickinson leads the newly formed Manufacturing Business Office. He is responsible to drive manufacturing strategies, standards, and priorities for The Boeing Company, optimize manufacturing asset utilization, guide global strategy for manufacturing resources and assets, and guide the develop...Full Bio
Chris Ettery currently leads the Social & Environmental Responsibility organization at Dell. In this role, he oversees Dell’s work to ensure a socially and environmentally responsible and resilient supply chain, leading teams in the US and China. Dell’s work in this field fo...Full Bio
Stina Warnstam Drolet
Stina Warnstam Drolet re-joined Oxford Analytica at the start of 2020 following three years at a London-based advisory firm. Before this, she spent over seven years with Oxford Analytica’s Advisory team, working primarily with clients in the energy sector.
Stina is passionate about ...Full Bio
Erik Lundh is a senior economist at The Conference Board. Based in New York, he is responsible for much of the organization’s work on the US and Chinese economies. He also conducts research on geoeconomics, international trade, and global value chains. Lundh previously worked for Evercore I...Full Bio