SINGAPORE (May 15): The dynamics of globalisation were already changing before Covid-19. That shift has been accelerated by the Covid-19 shock testing supply chains in healthcare and pharmaceuticals, food supply chains and technology infrastructure, prompting governments to increasingly treat these sectors in the same category as national security. Rather than sourcing from competitive suppliers, countries will aim to be more self-reliant. “They will also be subjected to increased regulation and oversight, giving them characteristics closer to the utility or defence industries,” says Fidelity International. 

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