IEKView:Global Supply Chain Resilience to Prepare for the Worst

Category:
IEKView
Domain:
Industrial Economy and Science and Technology Policy of Vital Countries, Interdisciplinary Technology Foresight and Service Innovation, Interdisciplinary Technology Foresight and Service Innovation
Author:
Date:
2022/10/22
Pages:

Report Outlook

The sweeping effects of COVID-19 on the global economy are a wake-up call for industries to the possibility of broken supply chains as the new norm. Even if the pandemic becomes a thing of the past, the higher frequency of extreme natural disasters and the rising geopolitical tensions will continue to pose risks of supply chain disruptions. In the sixth national forecast and survey of technology trends in 2020, the Korean government prioritized readiness and responsiveness as crises are becoming day-to-day events. According to a 2022 report by the leading research firm IHS Markit, the disruption to container transportation networks, the lack of alternatives to critical materials in shortage, the soaring energy prices and local labor insufficiency due to strikes will continue to trouble supply chains.

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