Reconfiguration of Supply Chains: What Are the Priorities of German Firms?

Cevat Giray Aksoy, Andreas Baur, Lisandra Flach and Beata Javorcik

No 56, EconPol Policy Brief from ifo Institute - Leibniz Institute for Economic Research at the University of Munich

Abstract: Most German companies have continued adjusting their sourcing strategies to mitigate the risk of supply chain disruptions This is continuation of the process that started in the aftermath of the Covid-19 pandemic Diversification of suppliers (58 percent) and increased stockpiling (45 percent) are the most frequently mentioned measures taken within the last 12 months The share of firms increasing their inventories in 2023 was lower than in 2022 (45 percent vs. 68 percent). Only 12 percent of firms intend to increase stockpiling in the coming 12 months, suggesting that the process of inventory adjustment may be nearing completion In contrast, the share of firms that further diversified their supply chains has remained relatively stable since 2022. Moreover, almost one-third of respondents plans to add new suppliers within a year

Date: 2024
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