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Global Value Chain resilience and reshoring during Covid-19: challenges in a post-covid world

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  • Enrico Marvasi

Abstract

This paper provides an overview on the evolution of Global Value Chains (GVCs) and on how they were impacted by Covid-19. Evidence from recent studies on Italy shows that GVCs displayed a high degree of resilience, with GVC firms better equipped to face the covid-shock and suffering less in terms of closures and turnover. Moreover, reshoring and substitution of foreign suppliers with domestic ones were chosen only by a small minority of firms. GVCs will probably continue to characterize the world economy, but the uncertainty about the future developments remains high. The last part of the paper discusses the challenges and the possible GVC reconfigurations in a post-covid world.

Suggested Citation

  • Enrico Marvasi, 2022. "Global Value Chain resilience and reshoring during Covid-19: challenges in a post-covid world," Departmental Working Papers of Economics - University 'Roma Tre' 0271, Department of Economics - University Roma Tre.
    • Handle: RePEc:rtr:wpaper:0271
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    File URL: https://economia.uniroma3.it/wp-content/uploads/sites/5/file_locked/2022/11/WP_271.pdf
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    Cited by:

    1. de Lucio, Juan & Díaz-Mora, Carmen & Mínguez, Raúl & Minondo, Asier & Requena, Francisco, 2023. "Do firms react to supply chain disruptions?," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 902-916.

    More about this item

    Keywords

    Global Value Chains; resilience; reshoring; Covid-19; Italy.;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F60 - International Economics - - Economic Impacts of Globalization - - - General

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