The impact of the COVID-19 pandemic on global value chains
The World Investment Report 2022 examines the impact of the COVID-19 pandemic on global value chains and the implications for governments and investors. This article analyses the key trends and challenges, as well as strategies for building resilience in value chains.
The COVID-19 pandemic has revealed vulnerabilities in global value chains, with major disruptions in production, logistics and demand. Governments and investors must work together to build resilience in value chains by diversifying sources of supply, improving transparency and investing in logistics infrastructure. Companies also need to rethink their supply chain management strategies to meet the challenges posed by the pandemic and future uncertainties. They need to adopt more flexible and adaptive approaches, such as building regional value chains and digitalising production and logistics processes.
The impact of the COVID-19 pandemic on global value chains highlights the need to build resilience in supply chains and adapt investment strategies accordingly. Governments, investors and businesses must work together to address the challenges and create more resilient and sustainable value chains.