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2023 outlook: IPEF is best bet for more resilient supply chains

Regional talks will also advance clean economy and fairer growth

| U.S.
Joe Biden speaks at the IPEF launch event in Tokyo on May 23: The U.S. has a chance to be at the forefront of seizing economic leadership opportunities.   © AP

Kurt Tong is managing partner at strategic advisory firm The Asia Group in Washington and a member of the advisory board of the American Association of the Indo-Pacific. He was previously a senior U.S. diplomat handling Indo-Pacific economic affairs.

Some of the economic shocks of the past few years -- the COVID-19 pandemic, Russia's war in Ukraine and the general deterioration of international trade norms -- have certainly been wrenching.

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