This supply chain mapping tool was developed by ADB’s Trade and Supply Chain Finance Program as part of the $20 billion committed by ADB to fight COVID-19 and offset its global economic impact. The need for this tool was partly informed by the ADB publication Global Shortage of Personal Protective Equipment Amid COVID 19. Access the interactive maps here.
The Pacific is expected to return to growth, expanding by 4.7% this year and by 5.4% in 2023, reflecting rising visitor arrivals in the tourism-dependent economies. However, risks remain from the COVID-19 pandemic, rising international commodity prices, and climate change. Read more.
The time is right to rejigger global supply chains. One school of thought is to diversify those further away from places prone to disruptions due to economic, health, climate change and geopolitical issues.
These regional trade deals, and digital economy agreements, have created a host of new negotiating, regulatory and policy challenges for developing countries.
There is already a distinct line that divides time before the COVID-19 pandemic and two years after it started. It is the line where COVID exposed our fragility...