How can government policy best foster supply chain resilience, and incentivise businesses to develop supply chain resilience strategies?
Background
COVID-19 has posed a major economic shock, disrupting trade flows, stretching supply chains, and challenging international organisations that uphold systems of global governance as well as broader perceptions of international openness. Beyond immediate policy responses, evidence should support long-term recovery and economic security within the global rules-based system.
Next steps
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Source
This question was published as part of the set of ARIs in this document:
Topics
Related UKRI funded projects
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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 addresses how government policy can foster supply chain resilience and incentivize businesses to develop resilience strategies.
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Managing supply chain vulnerability: Understanding the impact of supply chain design
Over the past two decades, managers have made major improvements in the efficiency of supply chains, driving out costs by sourcing goods and services from low cost locations, using new technologies to create greater inte...
Funded by: EPSRC
Lead research organisation: University of Bath
Why might this be relevant?
The project examines how supply chain design affects vulnerability and aims to reduce vulnerabilities while maintaining efficiency.
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Collective Supply Chain Resilience (CORES)
Public description Supply chain resilience is a widely studied topic of significant impact on our society. As organisations outsource production to one another they create economies of scale and reduce prices but also i...
Funded by: Innovate UK
Lead research organisation: ENSPAN INNOVATIONS LTD
Why might this be relevant?
The project focuses on collective supply chain resilience and data sharing, which partially addresses the question of incentivizing businesses to develop resilience strategies.