A growing number of countries around the world are launching Covid-19 vaccine programmes, generating optimism that there is a light at the end of the pandemic tunnel. However, while some developing economies are successfully moving forwards with their own programmes, others have expressed concern about an emerging global imbalance in distribution.
With travel restrictions, closed factories and social distancing measures in place for much of the year, 2020 was particularly challenging for industrial companies around the world. However, despite such constraints many countries were able to successfully repurpose production to meet urgent needs associated with Covid-19, while others look set to benefit from shifting trends in global supply chains.
– Global supply chains severely disrupted by Covid-19
– Multinationals turn to China +1 and nearshoring
– Worldwide increase in regionalisation and localisation
– Major regional trade deals signed or accelerated
– Economies in the region were hit by reduced trade volumes and lower oil prices
– Governments launched extensive stimulus packages to stabilise their economies
– Short-term recovery will be tied to oil prices and the resumption of travel
– The pandemic looks set to accelerate economic diversification efforts
– Lockdowns accelerated the digital transformation in emerging economies
– ICT-based solutions facilitated remote learning and working
– Apps and digital platforms became essential to everyday life
– Digitalisation strengthened the long-term competitiveness of SMEs
What steps and measures has the LSDA put in place to limit the spread of Covid-19 and mitigate its social and economic impact?
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