nexustandards.com/industry-trade · 3 taught
Industry, Trade and Supply Chains
NRS-M10 Markets, trade and supply chains; NRS-P10 Third-party, outsourcing and concentration risk
3standards1discipline
Illustrative: plants and ports, the routes between them and goods moving along; one node is disrupted and its routes stall
Risk Academy, led by the Nexus Consortium · Infrastructure, Energy and Industry · Department of Industry and Supply Chains
Taught in the Technical stream
Trade, supply chains and geoeconomics
The discipline covers the networks through which goods and strategic inputs move, supplier concentration, chokepoints, geoeconomic fragmentation and sanctions, and how shocks propagate along supply chains.
- Supply-chain mapping
- Supplier concentration
- Third-party risk management
- Trade corridors and chokepoints
- Geoeconomic fragmentation and sanctions
- Semiconductors and components
- Responsible sourcing and due diligence
- Input-output analysis and shock propagation
Courses in development extend the scope to one further subject: Input-output models for shock propagation.
02Maps
Maps and the globe for any place
Search any place or open the world; the layers and generators follow trade, supply chains and geoeconomics on the planet map, the globe and in 3D.
The boundaries, names and designations shown do not imply any judgement on the legal status of any territory, or any endorsement or acceptance of such boundaries. Countries: Natural Earth (public domain).
03The subject
The subject, methods and measures and debates and bodies
The field and its scope
For supply chain, procurement and trade analysts, risk managers responsible for third parties, economists and policy staff who need to map supply networks, measure concentration and chokepoint exposure, and model how shocks propagate through production networks.
Quantities and units
Methods and their limits
Each method is listed with what it assumes and where it fails.
What the field debates
Bodies that set practice, and the data they publish
Bodies and standards are named so that learners can find and apply their published work. The Academy teaches the use of that work and links to the publisher. No affiliation is implied.
04The method
From a single supplier to a lost quarter: time to recover, time to survive and the shock that travels
The share of an input bought from one source and the weeks that source takes to recover set a disruption; the weeks of inventory on hand set how long production survives it; the uncovered weeks become lost output, and the network multiplies that loss downstream; inventory or a second source is the decision.
Sources: Simchi-Levi et al., Identifying risks and mitigating disruptions in the automotive supply chain (2015); Carvalho et al., Supply chain disruptions: evidence from the Great East Japan Earthquake (2021); Acemoglu et al., The network origins of aggregate fluctuations (2012); Baldwin and Freeman, Risks and global supply chains: what we know and what we need to know (2022).
05Instrument
Trade, supply chains and geoeconomics
- Open, 0
- In preparation, 2
- Also taught here, 4
- Subtopics, 8
Trade, supply chains and geoeconomicsRegister
- 03CoursesIn preparation
- 04LevelsL2 Intermediate
Risk Academy · Infrastructure, Energy and Industry
06Standards and evidence
Standards and evidence, research and evidence, profile, what is changing and learning
Nexus Standards it teaches and relies on
The Nexus Standards the discipline teaches toward, grouped by master standard, with the disciplines that teach each.
nexustandards.com/systemic-risk · 1 taught
Systemic Risks
NRS-H60 Supply-chain and flow disruption
1standard1discipline
Nexus Standards at the AcademyThe Academy proposes how each discipline teaches toward the Nexus Standards. The mapping is open for public review.
Research and tools
Research and preprints as they are published, by discipline, with the faculty's other tools.
The hub lists the newest research and preprints for Trade, supply chains and geoeconomics, each with its source and date. Open the research hub
Methods, frameworks and hazards
From the Academy's risk taxonomy: the discipline's own entries and those of its primary courses, with how many courses teach each.
Hazard families
- Geopolitical fragmentation and sanctions1 course
- Supplier and supply disruption1 course
Methods and practice
- Network and systems analysis1 course
What is changing now
Recent developments in trade, supply chains and geoeconomics, each with its source; sources checked on 16 October 2026.
Courses in this discipline
Courses for this discipline are in development. Until they open, study the discipline through the connected courses and open lessons below.
Courses with this primary disciplineIn preparation
- RAT-220Third-Party and Supply-Chain RiskIn preparationTechnical, L2 Intermediate, 10 hours (estimate)
Courses from connected disciplines that also teach this field
Each course has its primary discipline elsewhere and teaches this field as part of its scope.
How the subject is practised in labs
| Lab | What you do in it | Courses using it |
|---|---|---|
| Network lab | Build dependency graphs, find critical nodes, trace cascades | 5 |
| Map lab | Read hazard, exposure and boundaries on real maps | 2 |
07Console
How Trade, supply chains and geoeconomics is taught, as a process you can run
Press Play to run this process from this page's own data.
Process explorer
How Trade, supply chains and geoeconomics is taught
16 steps6 stages
08Practice
Practice, learning and connections
How technology helps and what risk it brings
| Aspect | In this area |
|---|---|
| Technology that helps | Traceability and distributed ledgers. |
| Risk technology creates | Exposure to chip and export controls, and concentration in critical minerals. |
- RAS-430 Dual-use Technology, Export Controls and Compute Governance In development
- RAS-416 Critical Minerals and Transition Supply Risk In development
- RAN-371 Distributed Ledgers and Tokenisation in Finance and Supply Chains In development
Achievements in this discipline
Pathways that teach it
Where the subject is practised
The two Foundry systems where it is practised
- FoundryNXS-GRX systemPropagation of shocks through trade networksCascades room
- NXS-DSS systemGeoeconomic scenariosScenarios room
Foundry system pages describe what each system and its rooms are designed to do; the courses teach the methods these systems apply.
Disciplines it depends on
Across the ecosystem
09Take part
Take part in Infrastructure, Energy and Industry
Start from who you are.
10References
Core references and where to begin
Start with Baldwin, then Christopher, then Simchi-Levi.
11Questions
Questions, answers and key terms
Is study here free?
Yes. Every course and learning material of Risk Academy, led by the Nexus Consortium, is free to study, self-paced or with a cohort. Ordinary participation has no fee; paid work, internships and fellowships are separate arrangements.
What does completing a course give me?
A completion record: the course, its version, the date and what was assessed, private by default and shared by you. It stacks into discipline, department and programme achievements. A record states what was studied and assessed and does not certify competence. A record is not a licence, a professional title or an employment status.
Where do the data and the places come from?
Every faculty teaches on a twin of a real place built from open data. Each layer carries its provider, licence and date, and every result on the Academy states its source. Maps and figures are indicators for teaching, never an assessment of a place.
How do I take part beyond the courses in trade, supply chains and geoeconomics?
Form a competence cell of three to seven people, study a shared pathway, take a supervised assignment in the National Working Groups, or bring a cohort from your institution. Open the page for organisations.
Key terms
Term
Tier-n supplier
A supplier several steps removed from the buyer in a supply chain.
Term
Single point of failure
A component whose failure stops the whole system.
Term
Geoeconomic fragmentation
The splitting of the world economy into blocs through trade, investment and technology restrictions.
Term
Input-output model
A model of how sectors buy from and sell to each other, used to trace shocks through an economy.
ReportsContribute
Contribute evidence from this page.
Reports is the Consortium's quarterly publication. What you know about this subject can become evidence, a case or a correction in the next edition, credited to you and published under CC BY 4.0 where it is your own work.
Risk Academy
Related
Around Trade, supply chains and geoeconomics
Trade, supply chains and geoeconomics
Start with an open course
The catalogue lists each course with its outcomes, labs, hours and level.