Natixis’ Alicia Garcia Herrero writes for El Confidencial about the impact of coronavirus on global value chains
March 3, 2020
Writing for El Confidencial, Alicia Garcia Herrero – Chief Economist for Asia Pacific at Natixis – discusses the impact of coronavirus, with the most long-term repercussion being the reorganisation of global value chains.
The coronavirus is testing the established model of integrated production supply chains, explains Herrero. China’s now central role in the global supply chain means any disruption will severely impact the rest of the world. Going forward, there should not be as much concentration of the supply chain as there has been so far in China as economies that depend too much on the region’s supply will be seriously affected, she concludes.
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TAGS: Financial Services