Global supply chain risk and resilience
BankUnderground
APRIL 6, 2022
They can be concentrated (eg the 2011 Japan earthquake) or broad (eg the Coivd-19 pandemic). Most firms involved in GSCs are aware of idiosyncratic shocks – those which affect single sectors or factories in single nations. From the 1990s until recently, shocks rarely involved many sectors/nations simultaneously.
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