Post Covid-19 value chains: options for reshoring production back to Europe in a globalised economy

Werner Raza, Jan Grumiller, Hannes Grohs, Jürgen Essletzbichler, Nico Pintar

Publikation: Buch, Herausgeberschaft, BerichtForschungsbericht/Gutachten

Abstract

Against the background of supply shortages with respect to medical products during the COVID-19 pandemic, and the shift in the international order towards geopolitical rivalry between the US and China, reshoring of production has become a topical issue in t h e r ecent EU policy debate. The study discusses economic and political justifications for reshoring with respect to security of supply concerns and the debate on the EU’s strategic autonomy. With reshoring pre-CO VID-19 having remained an empirical phenomenon of limited significance, potential for reshoring at the sector and GVC level are assessed in light of recent economic changes, the digital transformation and the changing geopolitical environment. Though reinforced in the recent past, the success of reshoring policies of the US, the UK and Japan is found to have been modest. While a more proactive policy approach to mitigate security of supply concerns and to promote strategic autonomy in the EU is important, r e s h oring should be primarily focused on specific critical sectors and products with pronounced supply bottlenecks.
OriginalspracheEnglisch
ErscheinungsortBelgium
PublikationsstatusVeröffentlicht - 2021

Österreichische Systematik der Wissenschaftszweige (ÖFOS)

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