G7 finance chiefs move to diversify supply chains

  • 📰 eNCA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The G7 plans to launch a partnership scheme to diversify supply chains this year, ministers from the group said on Saturday following finance talks in Japan ahead of a major summit next week. Read more here:

US Treasury Secretary Janet Yellen pointed to recent shocks to the global economy as a reason to diversify supply chains.TOKYO - The G7 plans to launch a partnership scheme to diversify supply chains this year, ministers from the group said on Saturday following finance talks in Japan ahead of a major summit next week.

"Spillovers from Russia's war against Ukraine and disruptions caused by the pandemic have made clear the importance of diversified and resilient supply chains," she told reporters. The scheme, dubbed RISE -- Resilient and Inclusive Supply-chain Enhancement -- builds on guidance released in April, and will offer interested developing countries"finance, knowledge and partnerships", the ministers said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines