UN Global Supply Chain Forum calls for resilience amid world trade disruptions | Current Affairs | Vision IAS
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The inaugural edition of the UN-GSCF was hosted by UN Trade and Development (formerly UNCTAD) and Government of Barbados to address escalating disruptions in global supply chains.

  • Supply chain resilience is the ability of a supply chain network to withstand disruption and minimize the effects of upheaval on revenues, costs and customers. 

Issues affecting supply chains

  • Climate change: Climate-induced droughts affected trade flow in the Panama Canal.
  • Geopolitical tensions: Escalating attacks on ships in the Red Sea by Houthis and disruptions in the Black Sea caused by the war in Ukraine.
  • Interdependencies and disruptions: Vulnerability to various types of disruptions, such as natural disasters, pandemics, etc.
    • Complex supply chains create interdependencies, where a disruption at one point can ripple through the entire network, as was witnessed during COVID-19 pandemic.

Key outcomes of the UN-GSCF

  • Launched Manifesto for intermodal, low-carbon, efficient, and resilient freight transport and logistics: Emphasizes the urgent need for transforming freight transport to meet global climate targets and enhance socio-economic resilience.
  • Digital solutions for resilience: Presented guidelines for developing an electronic single window for trade.
  • Launched UNCTAD Trade-and-Transport Dataset: Developed with the World Bank, for contribute to better understanding and optimizing global trade flows.

Initiatives taken to boost Supply Chain Resilience in India

Global

  • Supply Chain Resilience Initiative: Launched by Australia, India, and Japan in 2021.
  • Indo-Pacific Economic Framework for Prosperity (IPEF):  India is a signatory to Pillar-II of IPEF relating to Supply Chain.

Domestic

  • Logistics Ecosystem: PM Gati Shakti National Master Plan, the National Logistics Policy (2022), etc.
  • Boost to manufacturing: Atmanirbhar Bharat initiative, introduction of PLI schemes in key sectors, liberalized FDI policy, etc.
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