Abstract
Businesses and governments may have been overconfident in their ability to react efficiently to black swan consequences. COVID-19 levied unforeseen isolation and border closings threatening the survival of global supply chains and the bankruptcy of governments and organizations alike. As a response to this challenge, our proposal takes a real options approach to mitigate supply chain disruptions by developing regional partnerships outside of densely populated areas. Its inherent novelty is twofold: (1) it anticipates survival uncertainties by securing the continued production of goods and services worldwide and (2) it recognizes a change in the relationship’s dynamic between global and regional actors.
| Original language | English |
|---|---|
| Pages (from-to) | 1-5 |
| Journal | AIB Insights |
| Volume | 20 |
| Issue number | 3 |
| State | Published - Dec 2020 |