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제목 G7 can help build resilient and secure supply chains (CH) 기타 2022-06-23

G7 can help build resilient and secure supply chains


June 22, 2022

Marianne Schneider-Petsinger



When Germany took over the G7 presidency in January, supply chain resilience was identified as a key priority, and now ahead of the G7 leaders’ summit the goal of ‘creating open, fair, resilient and sustainable supply chains’ has gained even greater urgency.

Russia’s invasion of Ukraine has challenged global supply chains on top of ongoing disruptions stemming from the COVID-19 pandemic. But although these extraordinary shocks sent potentially long-term ripples through global production and transportation networks, strategic competition with China and climate change present gradual risks for supply chains over a much longer timescale. Against this backdrop, G7 leaders need to strike a careful balance of responding to short-term fragilities without losing sight of the long-term objectives.

Supply chain conditions have improved somewhat since port congestions and shipping costs reached record highs at the end of 2021, but they are unlikely to recover to pre-COVID days by 2023. If left unaddressed, supply chain disruptions will continue to add to inflation which reached a four-decade high among G7 countries when it hit seven per cent year-on-year in March.

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