COVID-19 and European security of supply: Growing in importance

The COVID-19 pandemic struck the world hard in early 2020, and we are still coping with the ramifications of the ongoing crisis. The most acute concerns deal with the gloomy economic impact of the pandemic. However, the crisis has also revealed severe shortcomings in the EU’s approach to the security of supply. Many member states initially found themselves dealing with the crisis alone or lacking essential medical resources. Since the early stages, it has become evident that while security of supply has so far been a matter of national decisions, the EU needs a comprehensive strategy to improve its crisis resilience. Finland has a long tradition of making a coordinated effort to ensure an adequate supply of items needed for emergencies. Thus, the Finnish model could provide the basis for a more inclusive and integrated EU-level security of supply.