Fostering Resilient Global Supply Chains Amid Risk and Uncertainty

Well-functioning supply chains are central to economic growth outcomes for maximizing the productive capacities of economies at both the regional and global levels. Economic progress through trade and financial channels over the past decades in Asia and the Pacific has been closely linked to the region’s effective participation in global supply chains. In recent years, however, the coronavirus (COVID-19) pandemic and geopolitical tensions have exposed vulnerabilities in these supply chains, with notable concentration risks in energy and food supply networks. Supply chain disruptions triggered elevated global inflation due to surging energy and food prices, thereby exacerbating barriers to development in low-income countries in areas such as poverty, inequality, hunger, and malnutrition.

With a focus on Asia and Pacific, Fostering Resilient Global Supply Chains Amid Risk and Uncertainty provides evidence-based policy recommendations and implications for economies to navigate their participation in supply chains toward a more sustainable and resilient future. The book examines strategies for the effective diversification of global supply chains across key sectors, as well as the implications for progress toward global goals on climate and sustainable development. It offers timely insights for policy makers and scholars seeking to better understand the current trends in the global supply chain transformation, policy approaches for building resilient supply chains, the role of digital technologies, and the importance of multilateral cooperation.