Global supply chains need to be reassessed when the economy restarts, according to German economists

By: Trademagazin editor Date: 2020. 05. 18. 11:15

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German economists favor a gradual relaunch of the economy by removing pandemic restrictions, but they stress in a survey of the ifo economic research institute that the role of global supply chains needs to be reassessed and a greater emphasis should be placed on security of supply in addition to efficiency.

Two experts from the Institut für Weltwirtschaft in Kiel, Holger Görg and Saskia Mösle, do not consider a complete downsizing of global value-added chains likely due to the negative impacts of the coronavirus pandemic. (MTI)