Placing Global Value Chains at the Heart of Discussions at the GMIS2020 Virtual Edition

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Close of GMIS2020

Placing Global Value Chains at the Heart of Discussions at #GMIS2020

#GMIS2020 was developed under the theme –

Glocalisation: Towards Inclusive and Sustainable

Global Value Chains, and brought together close to 100 high-profile thought-leaders and business pioneers from around the world to shape the future of manufacturing, discuss the impact of pandemics on Global Value Chains (GVCs), and highlight the role of Fourth Industrial Revolution (4IR) technologies in restoring economic, environmental and social activities.

The Summit addressed how the disruption of GVCs is forcing a fundamental rethink by manufacturers to become more resilient in the future. Digitalisation is transforming GVCs by creating a new digital thread that allows for advanced systems of traceability and improved logistics and planning. The sessions explored how the adoption of 4IR technologies, localising production capabilities and capacity building, and spreading inclusive and sustainable industrial development will all be critical to the future of GVCs.

The Summit addressed how the disruption of Global Value Chains (GVCs) is forcing a fundamental rethink by manufacturers to become more resilient in the future