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1. • • Supply chain disruptions have a negative impact on global industrial production and trade, and a positive impact on inflation. Our analysis aims to quantify the impact of the aforementioned supply chain shock on activity, trade and prices, and, in turn, the headwinds it creates for the economic recovery.
     www.ecb.europa.eu/press/economic-bulletin/focus/2022/html/ecb.ebbox202108_01~e8ceebe51f.en.html

     Supply chain disruptions and the effects on the global economy

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   How do supply chain disruptions affect global economic activity and prices?

   • Second, it provides an empirical assessment of the impact of supply chain disruptions on global economic activity and prices, and the assumptions about how they will evolve going forward. Supply chain disruptions are putting a drag on activity and trade at the global level.

   Supply chain disruptions and the effects on the global economy

   www.ecb.europa.eu/press/economic-bulletin/focus/2022/html/ecb.ebbox202108_01~e8ceebe51f.en.html

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   How are supply chain disruptions affecting trade?

   • Supply chain disruptions are putting a drag on activity and trade at the global level. The most relevant elements are i) difficulties in the logistics and transportation sector, ii) semiconductor shortages, iii) pandemic-related restrictions on economic activity, and iv) labour shortages.

   Supply chain disruptions and the effects on the global economy

   www.ecb.europa.eu/press/economic-bulletin/focus/2022/html/ecb.ebbox202108_01~e8ceebe51f.en.html

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   Are supply chain disruptions affecting monetary policy?

   • In 2021 former Monetary Policy Committee (MPC) member Silvana Tenreyro described how supply chain disruptions were playing a central role in her monetary policy decisions and in 2023 former MPC member Ben Broadbent outlined his stance on GSC disruptions, global shocks, and inflation.

   A portrait of the UK’s global supply chain exposure

   www.bankofengland.co.uk/quarterly-bulletin/2024/2024/a-portrait-of-the-uks-global-supply-chain-exposure

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   How do supply chain shocks affect the UK economy?

   • These shocks transmit through supply chain channels – be they domestic or foreign, direct or indirect – causing price and quantity disruptions, and affecting inflation and growth. As a small open economy, the UK is highly integrated into global trade systems and hence GSCs.

   A portrait of the UK’s global supply chain exposure

   www.bankofengland.co.uk/quarterly-bulletin/2024/2024/a-portrait-of-the-uks-global-supply-chain-exposure

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   How do global shocks affect supply and demand?

   • Global shocks can affect supply, demand, and global connectivity – and have the potential to occur simultaneously and/or interact with one another. These shocks transmit through supply chain channels – be they domestic or foreign, direct or indirect – causing price and quantity disruptions, and affecting inflation and growth.

   A portrait of the UK’s global supply chain exposure

   www.bankofengland.co.uk/quarterly-bulletin/2024/2024/a-portrait-of-the-uks-global-supply-chain-exposure

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   How do supply chain disturbances affect retail prices?

   • Our model demonstrates that supply chain disturbances, generated by either an increase in transportation costs or a decrease in the meetings between buyers and sellers, raise the spare capacity in the production markets while increasing the scarcity of goods, and therefore the prices in the retail market.

   Measuring global supply chain disruptions - CEPR

   cepr.org/voxeu/columns/causal-effects-and-policy-implications-global-supply-chain-disruptions

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3. cepr.org › voxeu › columnsMeasuring global supply chain disruptions - CEPR

   cepr.org › voxeu › columns

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   Mar 22, 2024 · This column provides a new index of global supply chain disruption, presents a new model to identify the causal effect of global supply chain shocks on aggregate variables, and analyses the implications for the effectiveness of monetary policy.

4. www.bankofengland.co.uk › quarterly-bulletin › 2024A portrait of the UK’s global supply chain exposure

   www.bankofengland.co.uk › quarterly-bulletin › 2024

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   Sep 30, 2024 · Key findings reveal that: The UK is deeply embedded in supply chain networks, with roughly half of total production coming from the sourcing and sales of intermediate inputs.

5. Videos

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     54:45

     youtube.com

     The Global Supply Chain Disruption Explained

     7 Dec 2021

     12.2K views

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     weforum.org

     Why are supply chains facing disruptions, and how long will they last?

     4 Jul 2022

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     weforum.org

     This is how COVID-19 has disrupted global supply chains

     17 Oct 2021

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6. www.imperial.ac.uk › stories › global-supply-chainThe impact of the global supply chain crisis

   www.imperial.ac.uk › stories › global-supply-chain

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   • Managing Risk
   • Ad Hoc Adjustments
   • A Drive to Sustainable Production
   • Preparing Future Leaders

   Professor Anderson said: “Firstly, the move to increased efficiency by looking at sourcing from the cheapest place across the globe will always increase risk – both through longer transport connections and increased concentration of production. But perhaps this is a trade-off we are prepared to make. Second, as in all walks of life, the most damagi...

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   Professor Kalyan Talluri, Professor of Operations Management at Imperial College Business School added: “Modern supply chains are driven by efficiency and keep very low inventories by design. They work extraordinarily well when demand is predictable but are just not designed – nor I think they ever will be – for a global pandemic." He added: "We ma...

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   Professor Wiesemann added that the current crisis will put further pressure on companies to bring production closer to home. “Since in many cases, this means moving production from low-cost countries to high-cost countries, there will be pressure to innovate so as to keep costs low, for example by further digitalisation and automation. We will also...

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   For students at Imperial College Business School learning through a pandemic, not only have they seen shifts to multi-mode teaching, but they are also being prepared to deal with global crises as future leaders. Leila Guerra, Vice Dean (Education), says: “We are redefining our approach to global management education, with an ever stronger focus on ...

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7. www.weforum.org › stories › 2021Will global supply chain issues disrupt the economic recovery ...

   www.weforum.org › stories › 2021

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   Nov 11, 2021 · The global supply chain requires a complete overhaul to recover from COVID-19 without disrupting the economic recovery. Modern supply chains have been adversely impacted by both COVID-19 lockdowns and, more recently, the speed of the economic recovery. While these specific challenges may be temporary, the global trading system urgently requires ...

8. papers.ssrn.com › sol3 › papersDo Supply Chain Disruptions Matter for Global Economic ... - SSRN

   papers.ssrn.com › sol3 › papers

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   Oct 4, 2024 · This paper examines the global impact of supply chain disruptions on economic conditions, drawing on literature related to economic uncertainty, global economic integration, and the global supply chain disruptions.

9. www.weforum.org › agenda › 2021This is the state of supply chain disruptions | World ...

   www.weforum.org › agenda › 2021

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   Oct 18, 2021 · According to the IMF, supply chain disruptions together with increasing raw material prices are also a reason for the rise of consumer prices. The IMF expected this global inflation to reach its peak at the end of 2021 and return to pre-crisis levels in many countries by the middle of 2022.