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“Global Supply Chain Disruptions Prompt Urgent Reassessment of Economic Resilience Strategies”

**Global Supply Chain Disruptions Prompt Urgent Reassessment of Economic Resilience Strategies**

As nations grapple with ongoing supply chain disruptions, economists and policymakers are calling for a pivotal reassessment of economic resilience strategies. The pandemic, compounded by geopolitical tensions and climate-related events, has exposed vulnerabilities in global logistics networks, leading to significant delays and increased costs across industries.

Recent reports indicate that shipping times for key goods have doubled since 2020, with the World Trade Organization (WTO) noting that supply chain disruptions have contributed to a 10% increase in global trade costs. This scenario has left manufacturers and retailers scrambling to adapt, prompting an urgent dialogue about the sustainability and reliability of current supply chain models.

In the United States, companies like General Motors and Procter & Gamble have begun diversifying their supplier bases to mitigate risks associated with over-reliance on single regions, particularly Asia. “We cannot afford to wait for the next crisis to strike,” stated Ellen Thompson, an economist at the Brookings Institution. “Now is the time to build more robust and flexible supply chains that can withstand shocks.”

In Europe, the European Commission is advocating for a shift towards local sourcing and investment in digital technologies to enhance resilience. “The goal is not just

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