The COVID-19 pandemic had an immediate, disruptive impact on supply chains as countries enacted containment measures and border closures, leaving millions of people worldwide unemployed. A publication by the International Trade Centre shows that among the private sector, Micro-, Small- and Medium-sized Enterprises (MSMEs), especially those led by women, youth, ethnic minorities and migrants, suffered the most. Research on disruptions in global trade reveals that policies that reduce time and uncertainties along value chains are essential for rapid recovery.
UNIDO, through its work on norm promotion and standard-setting, as well as its analytical and policy advisory services, works actively to support Member States in the implementation of policies and standards that enable sustainable and inclusive supply chain management, ensuring the integration of MSMEs in global and regional value chains.