Online Event: Recovery with Resilience - The Future of the Global Supply Chains
The ongoing Covid-19 pandemic has infected over 27 million (and rising) and claimed over 900,000 lives worldwide. The nature of the outbreak has made Covid-19 not just a global health crisis, but an economic one. As China imposed strict lockdown measures to contain the outbreak in the early days of the pandemic, the global economy (long over-reliant on Chinese manufacturing and production) experienced an acute supply shock and precipitated a global economic contraction. The shocks exposed some of the vulnerabilities and risks that threaten the global supply chains.
The de-risking of global supply chains requires concerted efforts from all stakeholders, especially governments of countries that can be viable alternatives. CSIS undertook an exercise that considered possible pathways that investors and businesses can pursue to help build resilience in the supply chains and the role foreign assistance can play in supporting their efforts. CSIS paid particular attention to countries in the Indo-Pacific region, given their demographic promises, economic potential, and strategic value. To that end, CSIS is pleased to organize this panel discussion to release and discuss a new CSIS white paper “Recovery with Resilience Diversifying Supply Chains to Reduce Risk in the Global Economy.”
This discussion is being convened by the CSIS Project on Prosperity and Development, thanks to the generous contribution of the Ministry of Foreign Affairs of Japan.