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For the last four decades, global supply chains were at the heart of much of manufacturing production. However, since the COVID-19 pandemic and the closure of many production sites, these supply chains have been disrupted, leading to a massive reduction in global trade. Several experts have reiterated that the pandemic has shown that over-reliance on solely international trade partners can put businesses and local economies at a greater risk when global disruptions occur. During a high-level virtual event dedicated to…
