Global Value Chains in Times of Covid-19

Wie lässt sich die damit verbundene Unsicherheit reduzieren?

Manuel Rupprecht
JournalIndustrie 4.0 Management
Issue Volume 37, 2021, Edition 1, Pages 22-26
Open Accesshttps://doi.org/10.30844/I40M_21-1_S22-26
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Abstract

The SARS-CoV-2 virus poses unexpected challenges for the global economy. Demand for goods collapsed, and supply declined because companies suddenly ran out of employees or intermediate products. As a result, economic indicators turned negative. However, although an economic recovery is now underway, uncertainty about future developments is still on a record high. This is due not least to global value chains. Their disruption was a major factor in the aforementioned distortions, but they are still central to local production.

Keywords

Bibliography

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