(Bloomberg) -- Italy is set to benefit from the shortening of supply chains around the world, according to the chief economist of state-backed lender Cassa Depositi e Prestiti SpA.
“Italy can become the go-to supplier for European industrial champions,” economist Andrea Montanino said at a conference on Friday.
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The pandemic, Montanino added, has only accelerated the already ongoing breakdown of global networks into three main regional trade hubs -- China, Europe and the U.S. Disruptive events like the blockade of the Suez canal earlier this year show that “long supply chains are no longer convenient.”
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