Representatives from the countries met recently at the Supply Chain Ministerial Forum in Tbilisi, Georgia.
“This is a global challenge we intend to approach resolutely and cooperatively,” the statement said.
The other participants were Australia, Brazil, Canada, the Democratic Republic of the Congo, the European Union, France, Germany, India, Indonesia, Italy, Japan, Mexico, the Netherlands, South Korea, Singapore, Spain and the United Kingdom.
They intend to work together on crisis response to alleviate near-term transportation, logistics and supply chain disruptions and bottlenecks as well as long-term resilience challenges that make supply chains vulnerable and cause spillover effects for consumers, large and small businesses, workers and families.
They aim to follow global supply chain principles of transparency, diversification, security predictability and sustainability.
The countries intend to promote transparency in consultation with the private sector, civil society, different levels of government and other relevant stakeholders consistent with their domestic laws and international obligations to strengthen the resilience of supply chains.
They aim to promote diversification and increase global capacities for multiple, reliable and sustainable sources of materials and inputs, intermediate and finished goods in priority sectors, along with logistics infrastructure capacities, increasing resilience of supply chains to make economies less vulnerable to disruptions and shocks.
They want to promote the involvement of small and medium enterprises in priority supply chains with adoption of digital technologies.
To promote supply chain security, the participants intend to deepen consultations to identify and address risks arising from supply dependencies and potential vulnerabilities in critical infrastructure.
ALCHEMPro News Desk (DS)
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