Author
Listed:
- Anastasiia Olishevska
(Kherson Economic and Legal Institute)
- Alla Pashkova
(Kherson Economic and Legal Institute)
- Vasyl Mykolaichuk
(Kherson Economic and Legal Institute)
Abstract
The article investigates the strategic management of foreign economic activity (FEA) of Ukrainian enterprises under the conditions of wartime crises. The problem is particularly relevant for Ukraine, where the full-scale invasion has disrupted traditional production and export chains, significantly altered the geographical orientation of trade flows, and intensified financial and currency risks. The research is based on official statistics from the State Statistics Service of Ukraine for 2021–2024, which provide a reliable basis for identifying trends in export and import volumes, changes in the commodity structure of trade, and the evolution of the trade balance. The results show that despite a partial recovery in 2024, when exports increased by 15.3% compared to 2023 (reaching USD 41.7 billion), imports grew even faster, amounting to USD 70.8 billion. As a result, the negative trade balance deepened to USD −29.0 billion, while the export-to-import coverage ratio improved only slightly to 0.59. The analysis of the export structure reveals a strong dependence on agricultural products (over 45% of total exports) and a decline in metallurgy and machine-building, which increases the risks of raw material specialization and technological degradation. In order to counteract these challenges, a conceptual model of strategic FEA management during wartime crises is proposed. The model integrates four groups of adaptation instruments: (1) organizational-managerial (scenario planning, crisis teams, agile strategies), (2) financial-economic (currency hedging, export credit agency instruments, international financing), (3) technological-logistical (alternative transport corridors, customs digitalization, relocation of production facilities), and (4) innovation-technological (digital platforms, big data analytics, AI-based forecasting, e-commerce). Empirical evidence demonstrates that market diversification may boost exports by 12–15%, contract digitalization reduces transaction costs by 10 – 12%, and alternative logistics routes ensure supply chain continuity despite higher transport costs. The practical significance of the research lies in the possibility of applying the findings both at the microeconomic level (corporate strategies for resilience and competitiveness) and at the macroeconomic level (state policy of export support, infrastructure development, and international integration). The study emphasizes that no single instrument can guarantee resilience; only an integrated approach that combines short-term adaptation with long-term modernization can secure the sustainable presence of Ukrainian enterprises in global markets. Future research prospects involve quantitative measurement of enterprise resilience, development of sector-specific models of FEA adaptation, and scenario-based forecasting of Ukraine’s integration into global value chains in the post-war period.
Suggested Citation
Anastasiia Olishevska & Alla Pashkova & Vasyl Mykolaichuk, 2025.
"Strategic management of foreign economic activity during times of military crisis: adaptation tools for ukrainian enterprises,"
Economic Synergy, Higher Educational Institution Academician Yuriy Bugay International Scientific & Technical University, issue 3, pages 140-154.
Handle:
RePEc:bja:isteus:y:2025:i:3:p:140-154
DOI: 10.53920/ES-2025-3-11
Download full text from publisher
More about this item
Keywords
;
;
;
;
;
;
;
JEL classification:
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
- M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
- O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
Statistics
Access and download statistics
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bja:isteus:y:2025:i:3:p:140-154. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
We have no bibliographic references for this item. You can help adding them by using this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anna Duchenko (email available below). General contact details of provider: https://es.istu.edu.ua/EconomicSynergy .
Please note that corrections may take a couple of weeks to filter through
the various RePEc services.