Sector Specific, Green Transformation Model for Value Chain Formation Among CACCI Member Countries
In the afternoon of November 6, 2023, CACCI President Mr. Peter McMullin AM from Australia chaired an interactive live virtual presentation of a Policy Paper on “Sector Specific, Green Transformation Model for Value Chain Formation Among CACCI Member Countries.”
The Policy Paper prepared by Economics Professor Guven Sak, Ph.D. from TEPAV, the think-tank arm of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), calls for a sector specific, green transformation model for value chain formation among CACCI member countries.
During the presentation, Prof. Sak discussed the present Age of Global Disruption created by transnational threats, great power competition and a race of new technologies.
Prof. Sak further explained that the disruption is creating opportunities and impacting regions, especially CACCI areas where many countries are in position to increase production and reduce dependance on China.
The impact on CACCI areas will realign the global value chains and could transform the region’s agendas. The disruption is driven by a process of de-coupling of certain economies and supply processes vis-a-vis a de-risking imperative.
These emerging conditions are in fact creating opportunities for CACCI countries that need to be considered.
Prof. Sak’s presentation was complemented with the participation of Lennon Tan, President of the Singapore Manufacturing Federation (SMF) and James S. Chu, Secretary General of the Chinese National Association of Industry and Commerce (CNAIC) who raised relevant questions about Asian manufacturing strategy during the present supply chain disruption that Prof. Sak proceeded to answer in a comprehensive fashion.
Furthermore, CACCI Presifdent Peter McMullin AM recommended the dissemination of Prof. Guven Sak’s presentation to CACCI members so that national chambers could be able to consider the positioning of their economies in the context of the supply chain disruption.
The video presentation of Prof. Guven Sak during the CACCI Policy Advocacy Meeting in Kathmandu can be viewed at the CACCI YouTube channel below.
