7th November 2024 |
Reports, Research and Analysis
This report summarises the analysis and findings of the Expert Group along with recommendations to support Irish companies to participate in global value and supply chains, and to manage risks.
In April 2022, the government published a new Trade and Investment Strategy 2022-2026, Value for Ireland, Values for the World. The strategy highlighted that the current geopolitical environment, coupled with the impacts of COVID-19 and the twin green and digital transitions, has placed an increased focus on the future of global supply and value chains. Supply chain risks are broad in nature and include cybersecurity threats, natural disasters, escalating trade tensions, rising protectionism, changing climate patterns and policy uncertainties. One of the main actions of the Trade and Investment Strategy was the establishment of an Expert Group on Global Value Chains and Supply Chains (the “Expert Group”) to identify global supply chain opportunities and threats.
The report and its recommendations were endorsed by the Trade and Investment Council at its meeting earlier this year. The report includes:
- a review of international developments in global value and supply chains, and future outlook
- detailed statistical profile of Ireland’s participation in global value chains
- product level import dependency analysis
- PESTLE analysis identifying the main political, economic, social, technological, legal and environmental factors impacting on the current and future development of value chains in Ireland
- analysis at a sectoral level, detailing strengths and opportunities that facilitate company participation in global value chains
- comparative analysis of international policy practice
- policy recommendations to support company participation in global value chains and strengthen resilience
Topics:
Trade and Investment, Trade Policy