G7 Trade Leaders Meet Amid Global Supply Chain Chaos
The Independent|October 22, 2021
Trade ministers from the G7 group of wealthy nations will meet in London today as they wrestle with global supply chain disruptions that threaten to derail the recovery from the pandemic. In their first in-person gathering, to be held at Mansion House, the national trade chiefs will discuss how to pool resources in order to unblock bottlenecks in the world’s trading system.
Anna Isaac
G7 Trade Leaders Meet Amid Global Supply Chain Chaos

It follows an ugly race to gather critical resources for the Covid19 response, which saw countries, including G7 members, hoard personal protective equipment, vaccines and medicines. Campaigners, including former UK prime minister Gordon Brown, argue that the pandemic has revealed fundamental flaws in mechanisms for international collaboration, with developing nations starved of vaccines while rich countries roll out booster programmes.

Still, this trade summit is aimed at trying to increase the sharing of critical data in order to unsnarl supply chains across the world and ease a transition towards net-zero carbon emissions. The problems of disruption, from shipping to haulage, are so acute that they have driven up prices in a host of G7 economies, even as economic growth has slackened.

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