World Economy and Trade

How Technology is Shaping Apparel Sector Supply Chains in Sri Lanka: Shifting to Nearshoring and Reshoring

This blog examines the implications of tech-led supply chain changes on Sri Lanka’s apparel industry and argues that it is important to prepare early for forthcoming changes through a holistic approach, engaging a spectrum of stakeholders to improve the competitiveness of the industry. Prioritising investment in innovation and skills and improving the efficiency of business processes is critical for Sri Lanka’s apparel industry to remain competitive in the changing tech-landscape.

Emerging Technologies and Trade: Can Sri Lanka Stay Ahead of the Game?

Emerging new technologies will impact trade mainly by reducing the cost of trading. These advances can cut transport and logistics costs, by optimising route planning through the use of GPS and autonomous driving capabilities, with AI applications. To leverage the benefits, while minimising the costs associated with technological disruptions, governments need to manage the structural changes brought on by technological advancements successfully. In this blog, Janaka Wijayasiri discusses what policies developing countries, including Sri Lanka, should adopt to take advantage of these transformations.

Sink or Swim? Sri Lanka in the Fourth Industrial Revolution

The importance of 4IR and Sri Lanka’s preparedness for it has gained growing prominence in policy discourse, albeit at a superficial level. As such, Sri Lanka needs to focus on both technological preparedness as well as creating a complementary economic ecosystem. To do so, policymakers and private sector stakeholders alike should be cognizant of three critical pillars of 4IR readiness: digital readiness, human capital readiness, and economic agility. This blog by Kithmina Hewage briefly discusses Sri Lanka’s position against these three pillars.

My Way or the Huawei: Global Battle for 5G Dominance and its Impact on Sri Lanka

The ongoing battle between the US and the Chinese tech giant, Huawei, is escalating due to both parties’ eagerness to dominate 5G technology, the next major global technological revolution. Just recently, the US government blacklisted Huawei, creating chaos around the globe. Despite this, 5G technology is a massive breakthrough in the telecommunication industry and can herald significant changes in Sri Lanka as well. A few network service providers have already taken initiatives to deploy this technology in the country. This blog highlights the factors that prompted the accelerating tension between US and Huawei, and in turn discusses how it might affect Sri Lanka.

Quality Standards, Make or Break Point of Sri Lanka’s Cinnamon Industry

Cinnamon is the leading spice commodity of Sri Lanka. It contributed to approximately 54% of total spice exports and accounted for 8% of total agriculture exports in terms of values, in 2017. During the last decade, Sri Lanka has dominated the world market in cinnamon exports. But, meeting quality standards is a major problem faced by Sri Lanka’s cinnamon exporters. This blog by Dilani Hirimuthugodage focuses on the major quality constraints faced by cinnamon exporters in Sri Lanka and provides recommendations, based on a recent IPS study.