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COVID and Global Supply Chain Management
The global economy is more integrated than it has ever been at any point in recorded history. This includes things like copper and other sorts of things that are really important to the decarbonization and digitalization of our economy. And we've also got the background of rising trade tensions between particularly the US and China over Huawei, and a certain element of nativism around the clean energy transition. So these global supply chains are less accurately represented as opposed to these complex networks where there's eddies and whirls and elements move back and forth across borders.