Under the landmark Indo-Pacific Economic Framework for Prosperity (IPEF) Agreement, India along with 13 IPEF partners has formed three pivotal supply chain bodies – the Supply Chain Council (SCC), Crisis Response Network (CRN), and Labor Rights Advisory Board (LRAB). The focus is on supply chain resilience and boosting competitiveness.
The Supply Chain Council will focus on targeted actions to strengthen critical supply chains related to national security, public health, and economic well-being. The Crisis Response Network will provide a platform for collective emergency responses to urgent disruptions, while the Labor Rights Advisory Board will bring together workers, employers, and governments to enhance labour rights and workforce development across regional supply chains. During their inaugural meetings, the 14 partners of the Indo-Pacific Economic Framework (IPEF) reaffirmed their commitment to enhancing cooperation to bolster the resilience and competitiveness of critical supply chains. Their goal is to better prepare for and address disruptions that could threaten economic prosperity while also advancing labour rights.
