The RETHINK-GSC project, funded by the EU’s Horizon Europe program, is a research project that uses innovative methods to analyze the effects of global supply chains (GSCs) and develops new methodologies to quantify the role of knowledge flows and service inputs. The aim of the RETHINK-GSC is to capture the increasing importance of intangibles in global production and to provide new insights into ongoing and expected changes in global production processes.
Rethinking global supply chains
The changing nature of global supply chains requires rethinking them in order to design appropriate policy responses and investigate their employment and social impacts. RETHINK-GSC will enhance our understanding of the implications of GSCs using new measures that can quantify the role knowledge flows, and more generally services inputs, and thus acknowledge the increasing importance of intangibles in GSCs.
The project provides new and innovative methodologies for assessing the development of global supply chains, which generates new knowledge on ongoing and expected changes in GSCs due to shocks. The research, both theoretical and empirical, will be conducted mainly at the level of the firm – the unit that ultimately decides on the organization of international production.
Using the RETHINK-GSC innovative measures allows the projects’ researchers and future scholars to:
- investigate the interaction between tangible and intangible GSCs to evaluate the changing nature of global supply chains,
- provide novel ways of analyzing the impact of GSCs on social, economic and environmental outcomes in European countries, and
- evaluate the resilience of GSCs to exogenous shocks.
Furthermore, the project elaborates policy scenarios for expected future GSC developments. This new evidence contributes to enhancing policy developments related to ensuring level playing fields in trade relations and ensuring security of strategic supplies.