Meeting Schedules

Policymakers increasingly worry about supply chain resilience as global systemic shocks repeatedly disrupt interlinked, cross-border production networks. Proposed remedies such as industrial policy, reshoring and strategic trade diversification potentially involve tradeoffs—improving resilience while sacrificing efficiency and incurring fiscal costs. The proposed Analytical Corner speaks directly to current debates on economic security, strategic autonomy, and industrial policy. The presentation develops a simple, policy-relevant framework to approach the possible trade-off between resilience and efficiency. The framework provides practical guidance for policymakers, showing how the case for intervention depends on key structural factors, including the likelihood and severity of disruptions, input substitutability, and adjustment costs. These insights are complemented by concrete EU-based illustrations, grounding the analysis in real-world experience. Overall, the presentation offers a clear framework to assess the question of how to strengthen supply chain resilience in an increasingly uncertain global environment.