How do tariffs affect the resilience and flexibility of supply chains by sector?
Background
Global pressures, including currency movements and economic security policies, have direct and indirect effects on supply chains, global trade flows, and economic and national security in the UK. We seek evidence to strengthen economic security and supply chain resilience, ensuring UK businesses can scale-up and compete globally. The topics in this theme enable government to strengthen our economic and national security, as well as ensuring supply chains are understood and reinforced to be resilient to both long-term change and economic shocks.
Due to a new era of geopolitical competition, the UK faces the possibility of rising geopolitical instability and the increase of volatile supply chains, therefore understanding how to take assertive, protective, and strategic steps will help to support economic growth and resilience. We have included questions that relate to trends for supply chains, global economic challenges to business growth, critical mineral dependencies, and global trade flows.
Delivering economic security and resilient supply chains requires:
- enabling climate change adaption and accelerating the need for secure, homegrown energy
- creating opportunities for firms to capture market share in strategic technologies
- supporting UK sectors to be globally competitive and securing a spot on the global stage
- building a reputation as a stable, reliable partner, while also building UK-based capabilities and supply
- giving businesses the tools, knowledge, and support to traverse uncertain and volatile environments
Next steps
Get in touch with [email protected]
Topics
No topics assigned yet
Research fields
No research fields assigned yet
Related UKRI funded projects
-
ReImagining Supply Chains Network Plus (RiSC+)
The UK government has set out a strategy to enhance our national security and the UK's resilience to a rapidly changing world. This has reached new levels of urgency in the wake of repeated systematic shocks from financi...
Funded by: AHRC
Lead research organisation: Queen's University Belfast
Why might this be relevant?
The project specifically focuses on understanding the risks to UK supply chains and interventions needed to increase resilience, aligning with the question.
-
The Economic Impacts of Post-Brexit Trade Options
The UK's exit from the European Union presents policymakers with an unprecedented set of challenges, risks and opportunities. Perhaps nowhere are these more significant than in the decisions that the UK will have to make...
Funded by: ESRC
Lead research organisation: Institute for Fiscal Studies
Why might this be relevant?
The project explores the economic impacts of post-Brexit trade options, which could partially address the question by providing insights into trade policy effects on supply chains.
-
MultiLateral Thinking - Coriolis Technologies
**Vision** - COVID-19 will change the nature of trade and impact the UK's economic performance, trade strategy/policy and global position. WTO forecasts global trade will fall 30% due to COVID-19\. COVID-19 places unique...
Funded by: Innovate UK
Lead research organisation: CORIOLIS TECHNOLOGIES LIMITED
Why might this be relevant?
The project focuses on the impact of COVID-19 on trade and economic performance, which could partially address the question by providing insights into global trade challenges.