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The Future of Global Supply Chains: Opportunities and Challenges

  • Author Wonho Yeon
  • Series233
  • Date2022-03-17
In times of crisis, the market principle of maximization of economic profit is very likely to be disrupted, and the national interest of security is quite likely to take precedence. The growing strategic rivalry between the U.S. and China has prompted us to take this issue more seriously. The recognition of supply chain vulnerabilities, particularly supply chain dependence on certain untrustworthy countries, and the resulting national security issues, provides a fundamental foundation for the recent emphasis on building a stable supply chain. The supply chain restructuring will provide Korea with both opportunities and challenges, and to capitalize on this, the response to the paradigm shift must be as swift and aggressive as possible.
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