Think20 Policy Brief - Reducing Data Asymmetry to Strengthen Supply Chains

This Policy Brief, authored by Amit Kumar and Anushka Saxena, was submitted to Think20 (the engagement group of the G20) and published here on May 9, 2023.

Abstract

This Policy Brief proposes that G20 countries must cooperate to mitigate asymmetry in crucial supply chain-related information among stakeholders across the value chain in order to address data asymmetry-induced disruptions. The G20 is best suited to create such a framework, given that they constitute 20 of the world’s largest economies and will have to directly confront the challenges of supply chain disruptions. Through its Data Gaps Initiatives 1.0, 2.0, and 3.0, the G20 has already gained first-hand experience in securely mitigating such asymmetry in areas such as the financial sector, climate change, income and wealth distribution, and data sharing. This Policy Brief suggests that, in the fourth Data Gaps Initiative, the G20 should consider introducing another imperative: supply chain resilience through accountable, efficient, and transparent data sharing.

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