Q. Consider the following statements regarding “Supply Chain Resilience Initiative (SCRI)”:
1.It is a trilateral approach to trade, mooted by Japan with India and Australia as the key-partners.
2.It is a direct response to individual companies and economies concerned about Chinese political behavior and the disruption that could lead to the supply chain.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation: Supply Chain Resilience Initiative (SCRI) is a trilateral approach to trade, mooted by Japan with India and Australia as the key-partners.

  • The initiative aims to reduce the dependency on a single nation (at present China).
  • SCRI is a direct response to individual companies and economies concerned about Chinese political behaviour and the disruption that could lead to the supply chain.
  • The initiative, first proposed by Japan with India and Australia as partners, potentially see other Asian and Pacific Rim nations later.

Source: FORUMIAS