The pandemic has highlighted Europe’s dependency on several critical goods, including pharmaceutical products and medical equipment. The European Union found itself temporarily unable to ensure the security of the population because it has outsourced the production of these critical goods.
Global supply-chain disruptions and the lack of manufacturing capacities in the region triggered a supply shock, with negative consequences for many industries, including the semiconductor and automotive sectors. Europe’s vulnerability to external supply is now clear.
You can now read the full whitepaper at the link below