What is the potential impact of current and future geopolitical risks on supply chain resilience? Which sectors are most exposed? What actions does the UK need to take, potentially along with international partners, to boost supply chain resilience whilst maintaining the benefits of trade and financial openness given such risks?
Background
The International section covers a range of issues that reflect HM Treasury's responsibility for promoting and protecting the UK's international economic interests, ensuring the country thrives in an ever-changing global economy. It also relates to the department's important role on the international stage, with responsibilities for trade and customs policy, sanctions policy and cooperating with other countries in forums such as the G7, G20, IMF and others.
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This question was published as part of the set of ARIs in this document:
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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 the potential impact of geopolitical risks on supply chain resilience and proposes actions to boost resilience.
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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 specifically addresses the impact of supply chain design on vulnerability and offers actionable solutions.
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A retail-industry-first AI-powered risk tool that allows companies to map global supply chain flows and simulate alternate sourcing strategies to mitigate disruptions and increase productivity by 40%.
With a core project team of co-founders Mandeep Soor, Olivier Bacs and Benjamin Norsworthy, Bendi Software LTD (Bendi) is a UK risk technology AI SME. Bendi is creating an automated solution to enable the retail sector t...
Funded by: Innovate UK
Lead research organisation: BENDI SOFTWARE LTD
Why might this be relevant?
The project focuses on AI-powered risk tool for retail sector supply chain, which partially addresses the question by offering alternate sourcing strategies to mitigate disruptions.