How to Make Global Supply Chains More Resilient

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2023-01-09

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Abstract

Post-pandemic, companies have four main options to reduce rigidity and increase resilience in global supply chains: make them more domestic (e.g., reshoring, stockpiles); make them shorter (e.g., reducing the physical distances traversed by supply chains through regionalized production, such as Mexico and Central America for the US); make them more diversified (e.g., reduce dependence on one or a few countries); and make them more digital (e.g., digital versions of real products and using digital technology to track the supply chain better). This article outlines key government policies that can support these corporate strategic options.

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Scholars@Duke

Gereffi

Gary Gereffi

Professor Emeritus of Sociology

Gary Gereffi is Emeritus Professor of Sociology and Director of the Global Value Chains Center at Duke University (https://gvcc.duke.edu/).  He has published over a dozen books and numerous articles on globalization, industrial upgrading, and social and economic development, and he is one of the originators of the global value chains framework.  His most recent books are:  Handbook on Global Value Chains (co-edited by Stefano Ponte, Gary Gereffi and Gale Raj-Reichert), Cheltenham, UK: Edward Elgar Publishing. 2019); and Global Value Chains and Development: Redefining the Contours of 21st Century Capitalism (Cambridge University Press, 2018).  Current projects include:  (1) the impact of U.S. protectionism on jobs and regional trade agreements; (2) evaluating how the digital economy and Industry 4.0 are likely to affect international business strategies and industrial upgrading; and (3) shifting regional interdependencies in East Asia and North America, with a focus on China, South Korea and Mexico vis-à-vis the United States.


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