Valencia - 20.1.2021. The Institute of International Economics of the Universitat de València has held this morning in the framework of the Chair of Transformation of the Valencian Economic Model led by the UA an online seminar entitled "Global vs regional supply chains resulting from the pandemic. Its relevance for the industrial sectors of the Valencian Community",
During the seminar, members of the IEI-UVEG and IEI-UJI team presented the results of the research carried out on this issue during the first year of the Chair:
During her speech, Alicia Enriquez presented the debate that COVID-19 has reopened on the risks and implications of global supply chains, summarizing all the issues that may affect or surround them and drawing the main conclusions, both on the impact of COVID-19 on supply chains and on the lessons learned so far and possible strategies to overcome the limitations of pre-COVID chains.
Leandro García and Celestino Suárez then presented the case studies of three sectors that are highly representative of the productive structure of the Valencian Community and that present clearly differentiated logistics patterns: the ceramic sector in Castellón -a sector that produces for stock with a traditional logistics performance-, the automotive components industry in Valencia -with a JiT logistics model- and the toy sector in Alicante -a sector of very high complexity, which participates in a tense flow and with a long history concerning delocalization processes-.
María Feo's presentation focused on the index that has been developed with the aim of approximating the vulnerability of the supply chains under study from the logistics point of view. Finally, Vicente Pallardó closed the day by contributing a macroeconomic perspective to the debate, exploring the factors that explain the slowdown in international trade and offshoring processes over the past decade and explaining the reasons why a generalized reshoring to the West is highly improbable.
