Global supply chain resilience: Facts, rationales and responses

Abstract

Increasing uncertainties in international trade policies have raised concerns about the possible break of global supply chains. This paper reviews relevant studies shedding light on global supply chain resilience. We first summarise some key facts and current developments of globalisation. We then review mechanisms through which shocks are transmitted along the global supply chains. Finally, we discuss the production relocation or sale adjustment of firms in response to shocks for maintaining supply chain resilience, from which we obtain some hints on how the resilience can be improved. We also highlight some implications and directions for future research.

Keywords:

• Global supply chain
• globalisation
• resilience

Disclosure statement

No potential conflict of interest was reported by the author(s).

Notes

1 Available at: https://www.whitehouse.gov/briefing-room/presidential-actions/2021/02/24/executive-order-on-americas-supply-chains/.

2 Available at: https://www.amchamchina.org/wp-content/uploads/2022/03/AmCham-China-2022-China-Business-Climate-Survey-Report.pdf.

Additional information

Funding

Zhiyuan Li appreciates the financial support by the National Natural Science Foundation of China [Grant Nos. 72273035, 42341205, and 72121002], the Major Programme of the Key Research Base in Humanities and Social Sciences, the Ministry of Education of China [Grant No. 22JJD790012], and the National Social Science Fund of China [Grant No. 23ZDA052].