Beyond the COVID-19 pandemic : coping with the 'new normal' in supply chains
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RT Generic T1 Beyond the COVID-19 pandemic : coping with the 'new normal' in supply chains A1 Anukoonwattaka, Witada, Mikic, Mia YR 2020 LK https://hdl.handle.net/20.500.12870/805 PB United Nations AB It lists all title entries with complete bibliographic descriptions and annotations in alphabetical order. An assigned reference number under each meeting document can identify an entry. The entry contains multiple descriptors or keywords representing the content of the material. This issue lists all meeting documents produced by the substantive divisions of ESCAP in the year 2013, as deposited in the ESCAP Library. , Among other things, the COVID-19 crisis has called for the reassessment of risks and sourcing criteria in global value chains (GVCs) and for their shortening. This, in turn, has given momentum to discussions on the establishment and strengthening of national and regional supply chains. The new pattern of GVCs remodelled to fit into this new design will have to absorb extra costs from redundancy and inefficiency, which will eventually be shifted onto consumers. In the Asia-Pacific region small developing economies, in particular least developed countries (LDCs), will suffer the most; not only have they struggled to be included in the GVCs of the recent past, but the new shortened GVCs might bypass them altogether. <p></p> Although policy options are limited for small actors in GVCs, assertive policy responses to short-term problems and forward-looking recovery should be prioritized, and a closer regional cooperation should be a top priority. Regional partnerships will be necessary to counter the surge of protectionism, promote greater trade and investment diversification, and ensure the continuation of enhanced productivity, which is the key to absorbing future shocks. <p></p> The medium-term policy response should focus on building sets of skills and infrastructure required for the digitalization of supply chains. Imperfect flows of information along supply chains is a major hindrance of supply chain resilience. Lacking the required skills, mechanisms and infrastructure to support the increased need for information sharing and supply traceability will rule out the opportunity for a country to participate in supply chains in the post-COVID-19 crisis period. It is also important to consider how to ensure that increased supply chain resilience aligns with improved sustainability. Due diligence regarding social and environmental concerns ought to be embedded in all supply chains, otherwise it is just a matter of time before the next crisis causes supply chains to break. Regional partnerships will be necessary to counter the surge of protectionism, promote greater trade and investment diversification, and ensure the continuation of enhanced productivity, which is the key to absorbing future shocks. The medium-term policy response should focus on building sets of skills and infrastructure required for the digitalization of supply chains. Imperfect flows of information along supply chains is a major hindrance of supply chain resilience. Lacking the required skills, mechanisms and infrastructure to support the increased need for information sharing and supply traceability will rule out the opportunity for a country to participate in supply chains in the post-COVID-19 crisis period. It is also important to consider how to ensure that increased supply chain resilience aligns with improved sustainability. Due diligence regarding social and environmental concerns ought to be embedded in all supply chains, otherwise it is just a matter of time before the next crisis causes supply chains to break. OL English(30) TY - GEN T1 - Beyond the COVID-19 pandemic : coping with the 'new normal' in supply chains AU - Anukoonwattaka, Witada, Mikic, Mia Y1 - 2020 UR - https://hdl.handle.net/20.500.12870/805 PB - United Nations AB - It lists all title entries with complete bibliographic descriptions and annotations in alphabetical order. An assigned reference number under each meeting document can identify an entry. The entry contains multiple descriptors or keywords representing the content of the material. This issue lists all meeting documents produced by the substantive divisions of ESCAP in the year 2013, as deposited in the ESCAP Library. , Among other things, the COVID-19 crisis has called for the reassessment of risks and sourcing criteria in global value chains (GVCs) and for their shortening. This, in turn, has given momentum to discussions on the establishment and strengthening of national and regional supply chains. The new pattern of GVCs remodelled to fit into this new design will have to absorb extra costs from redundancy and inefficiency, which will eventually be shifted onto consumers. In the Asia-Pacific region small developing economies, in particular least developed countries (LDCs), will suffer the most; not only have they struggled to be included in the GVCs of the recent past, but the new shortened GVCs might bypass them altogether. Although policy options are limited for small actors in GVCs, assertive policy responses to short-term problems and forward-looking recovery should be prioritized, and a closer regional cooperation should be a top priority. Regional partnerships will be necessary to counter the surge of protectionism, promote greater trade and investment diversification, and ensure the continuation of enhanced productivity, which is the key to absorbing future shocks. The medium-term policy response should focus on building sets of skills and infrastructure required for the digitalization of supply chains. Imperfect flows of information along supply chains is a major hindrance of supply chain resilience. Lacking the required skills, mechanisms and infrastructure to support the increased need for information sharing and supply traceability will rule out the opportunity for a country to participate in supply chains in the post-COVID-19 crisis period. It is also important to consider how to ensure that increased supply chain resilience aligns with improved sustainability. Due diligence regarding social and environmental concerns ought to be embedded in all supply chains, otherwise it is just a matter of time before the next crisis causes supply chains to break. Regional partnerships will be necessary to counter the surge of protectionism, promote greater trade and investment diversification, and ensure the continuation of enhanced productivity, which is the key to absorbing future shocks. The medium-term policy response should focus on building sets of skills and infrastructure required for the digitalization of supply chains. Imperfect flows of information along supply chains is a major hindrance of supply chain resilience. Lacking the required skills, mechanisms and infrastructure to support the increased need for information sharing and supply traceability will rule out the opportunity for a country to participate in supply chains in the post-COVID-19 crisis period. It is also important to consider how to ensure that increased supply chain resilience aligns with improved sustainability. Due diligence regarding social and environmental concerns ought to be embedded in all supply chains, otherwise it is just a matter of time before the next crisis causes supply chains to break. @misc{20.500.12870_805 author = {Anukoonwattaka, Witada, Mikic, Mia}, title = {Beyond the COVID-19 pandemic : coping with the 'new normal' in supply chains}, year = {2020}, abstract = {It lists all title entries with complete bibliographic descriptions and annotations in alphabetical order. An assigned reference number under each meeting document can identify an entry. The entry contains multiple descriptors or keywords representing the content of the material. This issue lists all meeting documents produced by the substantive divisions of ESCAP in the year 2013, as deposited in the ESCAP Library. , Among other things, the COVID-19 crisis has called for the reassessment of risks and sourcing criteria in global value chains (GVCs) and for their shortening. This, in turn, has given momentum to discussions on the establishment and strengthening of national and regional supply chains. The new pattern of GVCs remodelled to fit into this new design will have to absorb extra costs from redundancy and inefficiency, which will eventually be shifted onto consumers. In the Asia-Pacific region small developing economies, in particular least developed countries (LDCs), will suffer the most; not only have they struggled to be included in the GVCs of the recent past, but the new shortened GVCs might bypass them altogether. Although policy options are limited for small actors in GVCs, assertive policy responses to short-term problems and forward-looking recovery should be prioritized, and a closer regional cooperation should be a top priority. Regional partnerships will be necessary to counter the surge of protectionism, promote greater trade and investment diversification, and ensure the continuation of enhanced productivity, which is the key to absorbing future shocks. The medium-term policy response should focus on building sets of skills and infrastructure required for the digitalization of supply chains. Imperfect flows of information along supply chains is a major hindrance of supply chain resilience. Lacking the required skills, mechanisms and infrastructure to support the increased need for information sharing and supply traceability will rule out the opportunity for a country to participate in supply chains in the post-COVID-19 crisis period. It is also important to consider how to ensure that increased supply chain resilience aligns with improved sustainability. Due diligence regarding social and environmental concerns ought to be embedded in all supply chains, otherwise it is just a matter of time before the next crisis causes supply chains to break. Regional partnerships will be necessary to counter the surge of protectionism, promote greater trade and investment diversification, and ensure the continuation of enhanced productivity, which is the key to absorbing future shocks. The medium-term policy response should focus on building sets of skills and infrastructure required for the digitalization of supply chains. Imperfect flows of information along supply chains is a major hindrance of supply chain resilience. Lacking the required skills, mechanisms and infrastructure to support the increased need for information sharing and supply traceability will rule out the opportunity for a country to participate in supply chains in the post-COVID-19 crisis period. It is also important to consider how to ensure that increased supply chain resilience aligns with improved sustainability. Due diligence regarding social and environmental concerns ought to be embedded in all supply chains, otherwise it is just a matter of time before the next crisis causes supply chains to break.}, url = {https://hdl.handle.net/20.500.12870/805} } @misc{20.500.12870_805 author = {Anukoonwattaka, Witada, Mikic, Mia}, title = {Beyond the COVID-19 pandemic : coping with the 'new normal' in supply chains}, year = {2020}, abstract = {It lists all title entries with complete bibliographic descriptions and annotations in alphabetical order. An assigned reference number under each meeting document can identify an entry. The entry contains multiple descriptors or keywords representing the content of the material. This issue lists all meeting documents produced by the substantive divisions of ESCAP in the year 2013, as deposited in the ESCAP Library. , Among other things, the COVID-19 crisis has called for the reassessment of risks and sourcing criteria in global value chains (GVCs) and for their shortening. This, in turn, has given momentum to discussions on the establishment and strengthening of national and regional supply chains. The new pattern of GVCs remodelled to fit into this new design will have to absorb extra costs from redundancy and inefficiency, which will eventually be shifted onto consumers. In the Asia-Pacific region small developing economies, in particular least developed countries (LDCs), will suffer the most; not only have they struggled to be included in the GVCs of the recent past, but the new shortened GVCs might bypass them altogether. Although policy options are limited for small actors in GVCs, assertive policy responses to short-term problems and forward-looking recovery should be prioritized, and a closer regional cooperation should be a top priority. Regional partnerships will be necessary to counter the surge of protectionism, promote greater trade and investment diversification, and ensure the continuation of enhanced productivity, which is the key to absorbing future shocks. The medium-term policy response should focus on building sets of skills and infrastructure required for the digitalization of supply chains. Imperfect flows of information along supply chains is a major hindrance of supply chain resilience. Lacking the required skills, mechanisms and infrastructure to support the increased need for information sharing and supply traceability will rule out the opportunity for a country to participate in supply chains in the post-COVID-19 crisis period. It is also important to consider how to ensure that increased supply chain resilience aligns with improved sustainability. Due diligence regarding social and environmental concerns ought to be embedded in all supply chains, otherwise it is just a matter of time before the next crisis causes supply chains to break. Regional partnerships will be necessary to counter the surge of protectionism, promote greater trade and investment diversification, and ensure the continuation of enhanced productivity, which is the key to absorbing future shocks. The medium-term policy response should focus on building sets of skills and infrastructure required for the digitalization of supply chains. Imperfect flows of information along supply chains is a major hindrance of supply chain resilience. Lacking the required skills, mechanisms and infrastructure to support the increased need for information sharing and supply traceability will rule out the opportunity for a country to participate in supply chains in the post-COVID-19 crisis period. It is also important to consider how to ensure that increased supply chain resilience aligns with improved sustainability. Due diligence regarding social and environmental concerns ought to be embedded in all supply chains, otherwise it is just a matter of time before the next crisis causes supply chains to break.}, url = {https://hdl.handle.net/20.500.12870/805} } TY - GEN T1 - Beyond the COVID-19 pandemic : coping with the 'new normal' in supply chains AU - Anukoonwattaka, Witada, Mikic, Mia UR - https://hdl.handle.net/20.500.12870/805 PB - United Nations AB - It lists all title entries with complete bibliographic descriptions and annotations in alphabetical order. An assigned reference number under each meeting document can identify an entry. The entry contains multiple descriptors or keywords representing the content of the material. This issue lists all meeting documents produced by the substantive divisions of ESCAP in the year 2013, as deposited in the ESCAP Library. , Among other things, the COVID-19 crisis has called for the reassessment of risks and sourcing criteria in global value chains (GVCs) and for their shortening. This, in turn, has given momentum to discussions on the establishment and strengthening of national and regional supply chains. The new pattern of GVCs remodelled to fit into this new design will have to absorb extra costs from redundancy and inefficiency, which will eventually be shifted onto consumers. In the Asia-Pacific region small developing economies, in particular least developed countries (LDCs), will suffer the most; not only have they struggled to be included in the GVCs of the recent past, but the new shortened GVCs might bypass them altogether. Although policy options are limited for small actors in GVCs, assertive policy responses to short-term problems and forward-looking recovery should be prioritized, and a closer regional cooperation should be a top priority. Regional partnerships will be necessary to counter the surge of protectionism, promote greater trade and investment diversification, and ensure the continuation of enhanced productivity, which is the key to absorbing future shocks. The medium-term policy response should focus on building sets of skills and infrastructure required for the digitalization of supply chains. Imperfect flows of information along supply chains is a major hindrance of supply chain resilience. Lacking the required skills, mechanisms and infrastructure to support the increased need for information sharing and supply traceability will rule out the opportunity for a country to participate in supply chains in the post-COVID-19 crisis period. It is also important to consider how to ensure that increased supply chain resilience aligns with improved sustainability. Due diligence regarding social and environmental concerns ought to be embedded in all supply chains, otherwise it is just a matter of time before the next crisis causes supply chains to break. Regional partnerships will be necessary to counter the surge of protectionism, promote greater trade and investment diversification, and ensure the continuation of enhanced productivity, which is the key to absorbing future shocks. The medium-term policy response should focus on building sets of skills and infrastructure required for the digitalization of supply chains. Imperfect flows of information along supply chains is a major hindrance of supply chain resilience. Lacking the required skills, mechanisms and infrastructure to support the increased need for information sharing and supply traceability will rule out the opportunity for a country to participate in supply chains in the post-COVID-19 crisis period. It is also important to consider how to ensure that increased supply chain resilience aligns with improved sustainability. Due diligence regarding social and environmental concerns ought to be embedded in all supply chains, otherwise it is just a matter of time before the next crisis causes supply chains to break.Metadata
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ESCAP Policy Brief
No. 2020
No. 2020
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Abstract
It lists all title entries with complete bibliographic descriptions and annotations in alphabetical order. An assigned reference number under each meeting document can identify an entry. The entry contains multiple descriptors or keywords representing the content of the material. This issue lists all meeting documents produced by the substantive divisions of ESCAP in the year 2013, as deposited in the ESCAP Library. Among other things, the COVID-19 crisis has called for the reassessment of risks and sourcing criteria in global value chains (GVCs) and for their shortening. This, in turn, has given momentum to discussions on the establishment and strengthening of national and regional supply chains. The new pattern of GVCs remodelled to fit into this new design will have to absorb extra costs from redundancy and inefficiency, which will eventually be shifted onto consumers. In the Asia-Pacific region small developing economies, in particular least developed countries (LDCs), will suffer the most; not only have they struggled to be included in the GVCs of the recent past, but the new shortened GVCs might bypass them altogether.
Although policy options are limited for small actors in GVCs, assertive policy responses to short-term problems and forward-looking recovery should be prioritized, and a closer regional cooperation should be a top priority. Regional partnerships will be necessary to counter the surge of protectionism, promote greater trade and investment diversification, and ensure the continuation of enhanced productivity, which is the key to absorbing future shocks.
The medium-term policy response should focus on building sets of skills and infrastructure required for the digitalization of supply chains. Imperfect flows of information along supply chains is a major hindrance of supply chain resilience. Lacking the required skills, mechanisms and infrastructure to support the increased need for information sharing and supply traceability will rule out the opportunity for a country to participate in supply chains in the post-COVID-19 crisis period. It is also important to consider how to ensure that increased supply chain resilience aligns with improved sustainability. Due diligence regarding social and environmental concerns ought to be embedded in all supply chains, otherwise it is just a matter of time before the next crisis causes supply chains to break. Regional partnerships will be necessary to counter the surge of protectionism, promote greater trade and investment diversification, and ensure the continuation of enhanced productivity, which is the key to absorbing future shocks. The medium-term policy response should focus on building sets of skills and infrastructure required for the digitalization of supply chains. Imperfect flows of information along supply chains is a major hindrance of supply chain resilience. Lacking the required skills, mechanisms and infrastructure to support the increased need for information sharing and supply traceability will rule out the opportunity for a country to participate in supply chains in the post-COVID-19 crisis period. It is also important to consider how to ensure that increased supply chain resilience aligns with improved sustainability. Due diligence regarding social and environmental concerns ought to be embedded in all supply chains, otherwise it is just a matter of time before the next crisis causes supply chains to break.