Online ISSN 2286-0266
Print ISSN 1223-0685
© 2022 Œconomica by ASE & SOREC
 
Gabriela Ioana ENACHE
Academia de Studii Economice din Bucureşti
Narciz BĂLĂŞOIU
Academia de Studii Economice din Bucureşti
The recent dynamics have brought about the disruption of international production and, by extension, of global value chains. Thus, global value chains have gone through profound imbalances generated by the Covid-19 pandemic, along with armed conflicts, political tensions, extreme weather events and cyber-attacks. That is why a still vulnerable system must be supported by measures such as the diversification of production and of suppliers, the creation of a more efficient system for monitoring supply chains and increasing inventories. Furthermore, for the European Union to remain a relevant player in the international competition alongside the USA and China, which have increasingly strong industrial and technological capacities, a relocation of production and an increase in technological capacities is necessary. The gap registered by the European Union in relation to the USA or China seems to be deepening more and more and leads to the need to create better defined strategies. Therefore, technological advancement in the industry is gaining a more and more prominent role as a critical element of strategic autonomy.

ŒCONOMICA no. 1-2/2022
Keywords: production, supply chains, relocation, pandemic, technologies, European Union
JEL: D29, L23, M11, O14
The European Union’s Efforts to Strengthen Its Posture in the Global Value and Supply Chains Competition [Eforturile Uniunii Europene de consolidare a posturii în competiţia lanţurilor valorice şi de aprovizionare globale]