Somehow, global supply chains have become even longer and more complex

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Open this photo in gallery: The container ship, Kota Rahmat approaches the Bab-el-Mandeb strait in Obock, Djibouti, on Jan. 18.Luke Dray/Getty Images Craig Alexander has served as chief economist at Deloitte Canada, the Conference Board of Canada and Toronto-Dominion Bank. In the wake of the COVID-19 pandemic and geopolitical tensions with China, there has been a lot of talk about efforts to make global supply chains more resilient. Despite this prudent objective, there is now evidence that international supply chains have become longer and more complex, increasing the risks of future supply shocks that carry potentially significant economic and financial...