The trade conflict between the U.S. and China, the covid-19 pandemic, and the recent war in Ukraine have reconfigured global value chains (GVCs) and warned of the risks of relying on single suppliers for some products, which can lead to interruptions in the supply of inputs and unexpected cost increases.
In addition to these geopolitical risks, there is growing concern about the environmental impact of trade and, in particular, the carbon footprint of products.
Global companies are taking steps to align an offer of closer sourcing options or nearshoring to ensure greater resilience to future disruptions and reduce . . .
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