The World Economic Forum (WEF) reported that even before the Ukraine-Russian war, the disruptions led to major economies losing 112.75 billion Euros in GDP in 2021 and caused inflation to skyrocket. The challenges brought by disruptions of the international supply chain due to uncontrollable circumstances showed how fragile current supply chain systems were.
WEF addressed the need to reinvent supply chains that will make them “more resilient and agile to respond to increasing supply uncertainties, while also becoming a key competitive advantage to enable growth.”
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