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For decades, multinational firms, supported by dense networks of specialised manufacturers and efficient global shipping, built supply chains that were complex, predictable, and interdependent. The networks, the crown jewel of the global economy, are now under strain. The interdependence that made us prosperous is now being weaponised; trade and industrial relations between countries have become ad hoc, provisional, and unstable. Against this backdrop, major economies and their firms have begun to de-risk production networks and secure their access to critical materials and technologies. But this transition from efficiency- to security-first strategy is far from seamless. From aviation to electronics to advanced manufacturing, industries face rising uncertainty, supply shortages, higher princes, congested ports, heavier paperwork, and fragmented regulatory environments. This panel examines how governments and firms are responding to weaponised interdependence, the hedging and derisking strategies they are deploying, and its implications for their underlying business models. How has the shift toward protectionist trade policy and export controls altered the structure, efficiency, and risk profile of global supply chains? How can countries derisk access to critical technologies, components, and materials without triggering deeper trade fragmentation? Do emerging supply chain reconfiguration strategies enhance resilience or simply replace old dependencies with new ones? How are leading global firms redesigning supply chains for resilience, and how has their approach to risk management evolved in this process? Is the new wave of bilateral trade agreements, such as the India-EU FTA, an antidote to a fragmenting global trading order? Speakers: Michał Baranowski, (Under Secretary of State) Deputy Minister, Ministry of Economic Development and Technology, Poland Abla Abdel Latif, Executive Director and Director of Research, The Egyptian Centre for Economic Studies, Egypt Brendan Nelson, President, Boeing Global, Australia Matthias Berninger, Executive Vice President, Public Affairs, Science, Sustainability and HSE, Bayer, United States of America Stormy-Annika Mildner, Director, Aspen Institute, Germany Moderator: Jamil Anderlini, Regional Director, Europe, POLITICO, Belgium