Rather Than COVID-19, is the US-China Trade War the Real Threat to Global Supply Chains?

COVID-19 has raised questions about the resiliency and robustness of global supply chains. While firms will learn from the pandemic as they did from prior disasters to improve their supply chains, COVID-19 is more likely to accelerate existing trends in international trade and the US-China trade war than to reshape global supply chains. ASEAN remains well placed to continue to benefit from these trends.