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dc.contributor.authorAnukoonwattaka, Witada
dc.contributor.authorMikic, Mia
dc.coverage.spatialASIA AND THE PACIFIC
dc.creatorUN.ESCAP
dc.date.accessioned2021-03-28T00:06:17Z
dc.date.available2021-03-28T00:06:17Z
dc.date.issued2020
dc.identifier.urihttps://hdl.handle.net/20.500.12870/805
dc.description.abstractIt 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.
dc.description.abstractAmong 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.
dc.format.extent23 p.
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.publisherUnited Nations
dc.relation.ispartofseriesESCAP Policy Brief
dc.rightsThis publication may be reproduced in whole or in part for educational or non-profit purposes without special permission from the copyright holder, provided that the source is acknowledged. The ESCAP Publications Office would appreciate receiving a copy of any publication that uses this publication as a source.
dc.rightsUse may not be made of this publication for resale or any other commercial purpose whatsoever without prior permission. Applications for such permission, with a statement of the purpose and extent of reproduction, should be addressed to the Secretary of the Publications Board, United Nations, New York.
dc.titleBeyond the COVID-19 pandemic : coping with the 'new normal' in supply chains
dc.typeText
dcterms.accessRightsOpen Access
dc.rights.holderUnited Nations
dc.subject.unbistECONOMIC SURVEYS
escap.publisherPlaceBangkok
escap.doctypePolicy Brief
escap.programmeOfWorkTrade, Investment & Innovation
escap.libBibNumber55665
escap.bibLevelSerial
escap.link.internalLinkhttps://www.unescap.org/resources/beyond-covid-19-pandemic-coping-new-normal-supply-chains
escap.contactPhone+66 2 288-1234
escap.contactEmail[email protected]
escap.contactUnitTrade, Investment and Innovation Division
escap.ispartofseriesnoESCAP Policy Brief ; No. 2020
dc.date.escap2019-08-04
dc.relation.ispartofseriesnoNo. 2020


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