Analysis reveals disruptions in global value chains due to the Covid-19 pandemic, highlighting the impact on production networks.
The Covid-19 pandemic has caused major disruptions to global value chains (GVCs) around the world. Trade wars were already posing challenges to current GVC arrangements and encouraging efforts to reorganise production networks, diversify supply chains and localise activity. Whether the recent instability represents a temporary disturbance to a longer-term trajectory or an historic transition to a new configuration remains to be seen.
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Human Sciences Research Council (2025) studied this question.
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