Publication
THE GLOBAL VALUE CHAIN ADJUSTMENT OF THE U.S. GOVERNMENT PROCUREMENT CONTRACTORS AMID GEOPOLITICAL CONFLICTS
(SGEM WORLD SCIENCE (SWS) Scholarly Society, 2025, Julan DU, Zhaoguang WANG, Yifei ZHANG)
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Amid global geopolitical fragmentation, global supply chain (GSC) adjustments have become a key feature. The private sector is typically slow or reluctant to embark on GVC reconfiguration. First, GSC readjustment involves considerable search costs, learning costs, fixed costs, etc. Second, firms often underestimate the GVC disruption risk and the urgency to make readjustments. As a public policy to forge GVC resilience, governments typically require public procurement contractors to assess GSC risk and restructure...
SOCIAL SCIENCES: Section Economics, Finance, and Sustainability2025
