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Global supply chains are changing, yet they remain as important as ever. Firms Adapt Supply Chains in Response to trade policy, geopolitical or environmental shocks – even short-term disruptions can lead to permanent changes in supply chains. Knowledge and Goods Flows Are Deeply Interconnected – not just at the economy wide level, but also for individual firms. Innovation Drives growth and Resilience — but Europe Faces challenges because of an over-reliance on multinational firms, and underperforming universities. The lessons for policy: Policy fields are interconnected – trade policy is services policy is innovation policy. Europe needs to strengthen the diffusion of innovation across firms and regions using fiscal tools targeting universities, knowledge generators, and knowledge spillovers. Read our Final report and summary press release on https://rethink-gsc.eu #economy #supplychain #globaltrade #kielinstitute #rethink #science #research #trade #europe #horizoneurope #EU