The Banking Executive Magazine - September Issue 2022

Us-China Tension Over Taiwan US-CHINA TENSION OVER TAIWAN A NEW THREAT TO GLOBAL SUPPLY CHAIN AND DIGITAL ECONOMY INTRODUCTION A new threat is facing the global sup- ply chain and digital economy. This threat is arising from the tension be- tween United States (US) and China over Taiwan. The visit of speaker of the US House Of Representatives Nancy Pelosi to Taiwan outraged China who took action in response to the visit. This article sheds light on the latest news related to Pelosi visit to Taiwan. Following a brief overview of the im- portance of Taiwan in the world, the article explores various future sce- narios and presents an analysis of the impact of Pelosi visit to Taiwan on global supply chain, logistics and op- erational cost, global procurement, and various business and economic sectors (including semiconductors, agro commodities, data centres host- ing services, personal computers and electronic devices, chemicals, and energy). The impact on Taiwan inter- national relationships with various countries is also presented. The arti- cle concludes with recommenda- tions and road ahead for Arab banks and government authorities to ad- dress the new threat facing the global digital economy and transformation as well as the global supply chain. LATEST NEWS US HOUSE SPEAKER PELOSI VISIT TO TAIWAN Speaker of the United States (US) House Of Representatives Nancy Pelosi visited Taiwan on August 03, 2022 as part of a tour of Asia aimed the BANKING EXECUTIVE 36 ISSUE 165 SEPTEMBER 2022 BY DR SOHA MAAD