The trade conflict between the US and China, the Covid-19 pandemic and the recent war in Ukraine have reconfigured global value chains (GVCs) and warned of the dangers of relying on single suppliers for some products, which could lead to disruptions in the supply of inputs and unexpected cost increases.
In addition to these geopolitical risks, there is growing concern about the environmental impact of trade and, in particular, the carbon footprint of products.
Global companies are taking steps to align an offering of closer sourcing or access options to ensure greater resilience to future disruptions and their reduction. . .
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