Global Supply Chain Resilience

Rationale

  • COVID-19 Pandemic: The pandemic of the coronavirus is caused Indian industries to reconsider their supply chain assumptions. The pre-Covid-19 supply chain plan that seemed most sensible no longer appears to be so.
  • Chinese Woes: Many pharmaceutical companies, particularly smaller ones, were unable to operate during COVID-19 since they relied on APIs from China.
  • Russia-Ukraine War: The Russian invasion of Ukraine has made international trade and supply chains more volatile. The imposing of sanctions by UN/EU/NATO on Russia has limited India’s capability to rely on Russia for important trade commodities.
  • Domestic Flaws: Early in the shutdown during COVID 19, Maharashtra and Gujarat ....
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International Relations