In a structurally interdependent world, all economies are vulnerable to external shocks, but in some key sectors, the EU is dangerously dependent on raw materials and technologies supplied from outside Europe, including pharmaceuticals and medicines. The EU is also heavily dependent on cloud computing for the ‘internet of things’ and AI, and on lithium, a key component of high-performance batteries needed for progress towards the net-zero age.
This mission is to ensure Europe’s industry becomes more resilient against external shocks by: