Re-Globalisation of European Multinational Corporations: A new framework to respond to the uncertain environment

<p>  </p> <p>In the last ten years, manufacturing globalisation has been facing several challenges Manufacturing FDs have seen a strong growth since the 80s, increasing even more with china joining the WTO. However, between 2010 and 2019, the growth of GDP and FDI were aligned, and a series of event (e.g. Brexit, US-China trade war) have shown the limits of globalisation. COVID-19 has even more paused global trade. Necessity for supply chain but also strategic sovereignty considerations have pushed companies and governments to adapt and grow. </p> <p>The purpose of this paper is to present driving forces of a new business environment and explore new design principles of manufacturing and supply chain globalisation in reaction and anticipation. Specifically, the objectives are:</p> <p>- Determine what the main drivers of a ‘global reset’ are,</p> <p>- Explore how companies are reacting and what they are implementing due to such drivers of reconfiguration,</p> <p>- Identify what the new long-term designs of an optimal industrial footprint, supply chain configuration and value-chain organisation and coordination are. </p>