Supply Chains and Demand
The pandemic has shown that supply chains will need to be rethought, with more emphasis put on supplier diversification, domestic production, and stockpiling. The challenge will be to strike a balance ensuring that a targeted and limited industrial policy does not become a cover for protectionism.
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NEW YORK – Two adages come to mind as I write this: “Don’t put all your eggs in one basket,” and “A chain is only as strong as its weakest link.” Taken together, the two maxims sum up current anxieties about supply chains.