An Analysis of Changes in Global Supply Chains: Trends, Implications, and Future Outlook

Abstract

After World War 2, the economies of countries like United States did well. Japan and West Germany caught up to and exceeded the GDP of the United Kingdom during these years. China overtook the United States of America soon and became the largest global supplying country. China has been the largest exporter of goods in the world since 2009. China's exports and economy grew dramatically following the opening of the country to trade under Deng Xiaoping. However the COVID-19 pandemic changed everything. Since the pandemic, countries all over the globe are looking to replace China as their supplier. The global supply chain has changed through the time, significantly after World war 2. So the trends of the global supply chain over the years have changed exponentially and new countries have emerged as global suppliers. There are things China and the US did right to grow their economy and maintain their position at the top as global suppliers such as increasing their export rates and lowering the amount of products imported from other countries. Some factors such as Consumer Culture, Export-Oriented Growth, Reconstruction Efforts that contributed to their growth overall. The global supplying chains has change through the time, significantly after the World war 2.