Global supply chain reshaping
Global Supply Chain Reshaping: The New Economic Order Introduction The COVID-19 pandemic, geopolitical tensions, trade wars, and the rapid acceleration of technology have caused a massive shift in global supply chains. Once centered around cost-efficiency and lean manufacturing, the modern supply chain is now being re-evaluated for resilience, diversification, and strategic autonomy . Nations and corporations alike are recalibrating their sourcing strategies, manufacturing bases, and logistics infrastructure. The result is a structural transformation that’s reshaping the global economy in profound ways. 1. Background: The Traditional Supply Chain Model For decades, global supply chains operated under a simple premise: produce where it’s cheapest, sell where it’s most profitable . China became the undisputed manufacturing hub due to its low labor costs, robust infrastructure, and export-friendly policies. Western firms relied heavily on just-in-time inventory systems and deep globa...