The disruption of global supply chains has been a wakeup call for the European Union. For years, the principle of an open and free Single Market has led to a massive transfer of industrial production and outsourcing mainly to Asia.
The Covid-19 crisis showed that Europe’s dependency was higher than most political leaders and decision makers would have imagined and could lead to greater disruption with sometime deadly consequences. It has become crucial to ensure at least some form of self-sufficiency when it comes to critical products but the cost of independence might be much higher than expected.
You can now read the full whitepaper at the link below