Ontology highlight
ABSTRACT:
SUBMITTER: Konig MD
PROVIDER: S-EPMC9499558 | biostudies-literature | 2022 Sep
REPOSITORIES: biostudies-literature
König Michael D MD Levchenko Andrei A Rogers Tim T Zilibotti Fabrizio F
Proceedings of the National Academy of Sciences of the United States of America 20220912 38
To counteract the adverse effects of shocks, such as the global pandemic, on the economy, governments have discussed policies to improve the resilience of supply chains by reducing dependence on foreign suppliers. In this paper, we develop and quantify an adaptive production network model to study network resilience and the consequences of reshoring of supply chains. In our model, firms exit due to exogenous shocks or the propagation of shocks through the network, while firms can replace supplie ...[more]