On the necessity to make EU supply chain information usable as a strategic asset

Technology now allows for complete, firm-level mapping of supply chains. The European Union can use this to build a Digital Twin of its economy, enabling it to simulate shocks, identify vulnerabilities, and enhance resilience. Developing this capability is essential for the EU’s strategic autonomy as global competitors advance similar tools. We recommend establishing a dedicated legal and institutional framework to secure the Union’s economic preparedness and competitive advantage. This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the ECON Committee. 

Authors: Stefan Thurner, Peter Klimek