This chapter contributes to the debate on GVC resilience during Covid-19 and discusses some of the main challenges that firms will have to address in a post-covid world. The first part of the chapter (Sect. 2) briefly tracks the evolution of GVCs in the last decades, highlighting how Covid-19 hit a world economy that had been in a slowing down phase for at least a decade. The second part of the chapter (Sect. 3) provides some evidence and discusses the impact of the covid-shock through GVCs for countries, sectors and firms. The third part of the chapter (Sect. 4) discusses some of the main challenges that firms and GVCs will have to face in a post-covid world. Finally, the conclusion (Sect. 5) stresses how firms will have to pursue new strategies to increase flexibility and agility, and how overnments can play an important role in helping firms and GVCs to build resilience, especially at a higher systemic level, where individual incentives may be more lacking.
Marvasi, E. (2023). Global Value Chain Resilience and Reshoring During Covid-19: Challenges in a Post-Covid World. In J.E.I. Jong Min Lee (a cura di), Inequality, Geography and Global Value Chains (pp. 231-262). Palgrave Macmillan [10.1007/978-3-031-24090-4_10].
Global Value Chain Resilience and Reshoring During Covid-19: Challenges in a Post-Covid World
Marvasi, Enrico
2023-01-01
Abstract
This chapter contributes to the debate on GVC resilience during Covid-19 and discusses some of the main challenges that firms will have to address in a post-covid world. The first part of the chapter (Sect. 2) briefly tracks the evolution of GVCs in the last decades, highlighting how Covid-19 hit a world economy that had been in a slowing down phase for at least a decade. The second part of the chapter (Sect. 3) provides some evidence and discusses the impact of the covid-shock through GVCs for countries, sectors and firms. The third part of the chapter (Sect. 4) discusses some of the main challenges that firms and GVCs will have to face in a post-covid world. Finally, the conclusion (Sect. 5) stresses how firms will have to pursue new strategies to increase flexibility and agility, and how overnments can play an important role in helping firms and GVCs to build resilience, especially at a higher systemic level, where individual incentives may be more lacking.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
