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Sep 11 2024

UK, USA and Australia sign supply chain resilience pact

It has been confirmed that on 9 September 2024, the UK, the USA and Australia signed a Memorandum of Understanding (MoU) on supply chain resilience.

 

The MoU, the UK’s Department for Business and Trade says, will establish ‘a new trilateral collaboration that will strengthen strategic cooperation and address risks to critical supply chains’.

It will see the formation of the Australia-United Kingdom-United States Supply Chain Resilience Cooperation Group, designed to cooperate on data sharing and joint action to build resilience in priority supply chains.

 

According to the Department for Business and Trade, this will enhance the mutual ability of all three nations to ‘identify and address risks, threats and disruption’ to critical supply chains.

Furthermore, the group is set to develop an early warning pilot focused on the telecommunications supply chain, which it deems essential for today’s global, digitised economies.

 

By identifying and monitoring disruption risks to the telecommunications supply chain, it is hoped that this pilot will ‘enhance all three countries’ knowledge of the vulnerabilities, criticality and residual risks’ and ‘develop procedures for sharing this information and responding cooperatively to disruptions’. Read more

 

Source: LOGISTICS MANAGER