Comparative Analysis of European Supply Chains Security Regarding East Asia and North American Trade

Abstract

Supply chains play a crucial role in the smooth functioning of the economy and contribute to the economic security of nations worldwide. This study analyses the impact of supply chain disruption on Europe's economic security, focusing on the semiconductor industry as a case study affected by recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict. By providing a definition and contextualisation of the term "supply chains" in relation to semiconductors, the study establishes a foundation for in-depth analysis. Through a comparative analysis of trade patterns between North America, Far East Asia, and Europe, the challenges faced within the semiconductor supply chain are explored. The findings underscore the urgent need for Europe to strengthen its semiconductor and battery manufacturing capacities, address supply chain vulnerabilities, and foster an environment conducive to technological innovation. By proactively addressing these issues, Europe can enhance its economic security, reduce dependence on external sources, and position itself as a global leader in these critical industries. This research offers valuable insights for policymakers, industry leaders, and stakeholders, providing a better understanding of the challenges and opportunities presented by the evolving landscape of the semiconductor industry and global supply chains.