A portrait of the UK’s global supply chain exposure

Global supply chains (GSCs) are an important feature of modern trade. They have brought major benefits, including increased productivity, income, and living standards. But their risks have become more prominent in recent years as major global shocks, coupled with supply chain complexity, have led to disruption, particularly during the pandemic and its aftermath. This is especially relevant for the UK, a small open economy which is highly integrated into global trade systems and hence GSCs.