The interruption of international commerce owing to COVID-19 is unlikely to change these trends. When the virus fouled international trade in first part of 2020, it was heralded as laying bare the vulnerabilities of global value chains. That its effects were large is indisputable: by one estimate, fifty-one thousand companies around the world had a direct supplier in the affected provinces of China, where the pandemic began, and at least five million companies purchased from suppliers that themselves relied on suppliers in the region.
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