The Geo-Economic Impact of Coronavirus

What is the geo-economic impact of Coronavirus? This week, our futurist shares the analysis on the weekly series "60 seconds with a futurist"

April 30, 2020, Max Stucki

The current pandemic has shown that global supply chains are highly sensitive to disruptions in times of crises.

The Geo-Economic Impact of Coronavirus

 

 

The current pandemic has shown that global supply chains are highly sensitive to disruptions in times of crises.

It is possible that sooner or later the Western countries will start to repatriate at least the most critical supply chains from abroad. The key driver behind the repatriation is to ensure the security of supply. However, in some cases, economic benefits may play a part as well.

There are already some talks about, for example, relocating the pharmaceutical chemical production back to Europe and the US.

The supply chain relocation, previously disadvantageous in economic terms, may now be enabled by the technologies of 4th Industrial Revolution.

If this trend takes off, the world will possibly witness the emergence of largely self-sufficient economic zones centred around the most significant market areas.

Has your organisation already thought about the future of your supply chain? And how it would change if the scenario above would take place?

 

Max Stucki,
Senior Foresight Analyst, Futures Platform

 


Check out the "COVID-19 - The World After" on Futures Platform. Read more

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