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From efficiency to resilience: WEF reports global supply chains entering an age of permanent volatility

According to a recent World Economic Forum (WEF) report, global supply chains are transitioning from a focus on cost efficiency to resilience in response to geopolitical tensions, climate change, and lessons learned from the pandemic. This shift indicates a preference for diversified and regional supply networks, even if it leads to increased costs.

Supply chains trade speed for security

Supply chains trade speed for security

Credit: Firstpost

Key Highlights

  • Global supply chains are facing structural volatility.
  • Resilience is becoming the new priority over cost efficiency.
  • Firms are moving towards diversified and regional supply networks.
  • Geopolitical issues, climate shocks, and pandemic experiences are driving this change.
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Sources

  1. From efficiency to resilience: WEF reports global supply chains entering an age of permanent volatility

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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