There will be no reverse globalization, but many supply networks will be established at regional level. Unfortunately it won’t result in supply chains that are resistant to external shocks....

There will be no reverse globalization, but many supply networks will be established at regional level. Unfortunately it won’t result in supply chains that are resistant to external shocks. Implementing an existing plan is generally far more effective than scrambling to react to a crisis, so devising scenarios around various contingencies makes good sense.