Shifting Market Power: The Role of Supply Chain Disruptions in Redefining Global Trade Dynamics
DOI:
https://doi.org/10.69971/sl.1.1.2024.8Keywords:
global supply chains, emerging markets, digital innovation, localization, automotive technologyAbstract
Global supply chains have recently faced intense disruptions, especially due to COVID-19, exposing vulnerabilities across industries. This study explores how large-scale shocks such as pandemics, geopolitical conflicts, and environmental crises are transforming global market power and trade patterns. Analyzing sectors like technology, automotive, and pharmaceuticals, the research highlights how developed economies, traditionally dominant, are increasingly dependent on emerging markets, which are gaining influence. Factors like digital innovation, rising logistics costs, and trade restrictions further drive these shifts. The findings underscore the need for resilience, localization, and adaptive strategies, offering guidance for policymakers and industry leaders to strengthen trade stability.
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