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Could APEC play a role in boosting supply chain resilience

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APEC Regional Trends Analysis report found the APEC region is expected to grow by 6.3% in 2021, but the recovery is going to be uneven.

COVID-19 has affected the function of global supply chains that provide us with access to food, medicines, technology, and other necessities. The pandemic has also refocused our attention towards the workings of global value chains (GVCs) and how to make them more resilient.

The latest APEC Regional Trends Analysis report has highlighted the need for governments to consider strategies for greater resilience in the APEC region, due to significant disruptions in supply chains caused by the pandemic.

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