Abstract
Governments are increasingly using economic instruments to achieve geopolitical goals. Global supply chains have become pawns in this approach and increasingly vulnerable to disruptions caused by protectionism and state interventions. This necessitates studying the intersection of public policy and supply chain management. We use secondary news data to investigate the risks caused to global supply chains by four specific geoeconomic instruments: tariffs, sanctions, export controls and industrial policy (including subsidies and tax credits) and the associated mitigation strategies. We identify risks such as "boom and bust” demand cycles and uncertainty regarding policy expiration or rollback, supply shocks, access denial to critical technology and compliance risks. Companies are managing these risks through supply chain reconfiguration, supply base diversification, front-loading and stockpiling, as well as political engagement to leverage government incentives and lobby for exemptions.