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Strengthening Economic Security: European and Southeast Asian Perspectives on Navigating the New Normal in Global Supply Chains

March 27 from 14:30 - 17:00 BMT

 

Roundtable discussion with German MP 

 

Strengthening Economic Security:  

European and Southeast Asian Perspectives on Navigating the New Normal in Global Supply Chains 

 

jointly hosted by the 

 

Konrad Adenauer Foundation Thailand, German-Southeast Asian Center of Excellence for Public Policy and Good Governance (CPG), and Asian Governance Foundation 

 

March 27, 2024, 2:30-5:00 pm,

Mercure Bangkok Sukhumvit 24, Room Sukhumvit 2&3, 8th Floor 


Concept note

In recent years, international supply chains – the backbone of global commerce – have encountered unprecedented challenges. The shift towards protectionism marked by the “America First” policies of the Trump administration, including the US-China trade war, was just the beginning of a process at play since 2017. Then, the advent of the COVID-19 pandemic dealt a significant blow to global supply chains, disrupting transport lines and production cycles worldwide. As the global economy was still grappling with the aftermath of the pandemic, Russia’s invasion of Ukraine triggered direct disruptions in supply chains, compounded by a sanctions war against the aggressor that catalyzed preexistent attempts to reshape supply chains away from the West. These events have accelerated changes and reshaped global supply lines. 

Amidst these accelerating and, frequently tumultuous, impulses against the established global supply lines, a growing system rivalry between the “West” – comprising the US, the EU, and their Asian allies – and the Sino-Russian axis and their allies has intensified. The reassessment of economic ties with China as ambivalent and potentially risky has led to de-risking strategies at both state and corporate levels in the West, with Chinese countermeasures further solidifying a new era of a more fragmented, complex, volatile, and unsecure globalization. In this era, supply chains are increasingly characterized by reduced reliability, resilience, and security. 

Furthermore, the erosion of the international liberal order, which has underpinned free trade since World War II, alongside rising global tensions, suggests a future generally marked by increased conflict and its disruptive impact on supply chains. A recent example is the regional fallout from the Gaza war following Hamas’ October 7 attacks, which have heightened tensions in the Red Sea, posing threats to Suez Canal traffic. While less immediate, the eventuality of escalating tensions between China and Southeast Asian nations or a Chinese invasion of Taiwan presents even way more serious risk scenarios to global trade. 

Adding to this complexity, regulatory imperatives for supply chain management to align with ESG (Environmental, Social, Governance) values introduce new challenges. An increasing number of jurisdictions now require companies to ensure their supply chains meet specific environmental, social, and governance standards, requiring comprehensive adjustments to their compliance management systems throughout the supply chains. 

Against this backdrop, the panel discussion will explore an evolving landscape of global supply chains and discuss strategies for resilience and adaptation in the face of mounting pressures. 

The seminar, jointly organized by CPG, the Thailand Office of Konrad Adenauer Foundation, and the Asian Governance Foundation, features among other speakers Gunther Krichbaum, an influential Member of the German parliament (Bundestag) who currently serves as the European Affairs Spokesperson of the center-right CDU/CSU Parliamentary Group in the German Bundestag.  

Agenda

(The event will be held in English.)

Participation

Event registration is essential for participation. Individuals interested are encouraged to do so by visiting the link or scanning the QR code provided below. For more information, please email us at events@cpg-online.de. The registration will be open until 6:00 p.m. (GMT+7 Bangkok time) on 26 March.

⇒ Registration ⇐

Details

Date:
March 27
Time:
14:30 - 17:00 BMT
Event Category:

Organizers

CPG
KAS

Other

Event Type
Panel Discussion / Roundtable
Location
In-Person
Registration
Required

Venue

Mercure Bangkok Sukhumvit 24
5, 1 Sukhumvit Rd, Khlong Tan, Khlong Toei
Bangkok, Bangkok 10110 Thailand
+ Google Map
Phone
02 659 2888
View Venue Website