By Pradeep Puri, Amit Kapoor, Sheen Zutshi, Nabha Joshi & Kartik
The global consensus among economies is the urgent recognition of the need to establish resilient local supply chains, particularly evident in the electric vehicle (EV) battery manufacturing sector. This strategic shift is closely aligned with international climate objectives, underscoring a collective commitment to sustainable practices and a concerted effort to mitigate the carbon footprint associated with the rapidly expanding electric vehicle industry.
The COVID-19 pandemic acted as a catalyst, revealing vulnerabilities in global supply chains and emphasising the dangers of overreliance on foreign economies for essential components. This prompted a strategic realignment, focusing on reshaping supply networks with an emphasis on localization. As a result, establishing resilient, sustainable, and secure supply chains has become a defining objective for economies across the globe.
The complete paper can be read here.
