The Covid-19 pandemic disrupted the global value chains (GVCs) considerably. While GVCs are a strong driver for growth, development, and job creation, particularly for developing countries, numerous challenges exist. Moreover, the current pandemic reinforced the trends of on and nearshoring, with investors seeking ways to mitigate risks. Yet, what implications will this rethinking of location footprints and regionalization and localization mean for the work of Investment Promotion Agencies (IPAs) in particular? This panel will explore the opportunities and challenges created by these trends and what they mean to the FDI world. Also the panel will discuss the role the IPAs can play, in enabling their policies and ecosystem to promote, attract and facilitate the GVCs investments into their countries.
