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Responding to the COVID-19 pandemic: lessons in supply chain management among industrial firms

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  • Bart Kamp

    (Orkestra-Instituto Vasco de Competitividad)

Abstract

The COVID-19 pandemic has presented companies that sell cross-border and/or purchase inputs from abroad with problems in terms of importing goods and the shipping of their own produce to foreign clients and markets. Against this backdrop, the present paper reviews the causes behind the supply chain disruptions when the pandemic unfolded, as well ways through which companies tried to deal with them. The paper postulates that actors in international business will place a stronger emphasis on risk management and business continuity plans, and that the adoption of advanced, digital, forms of market intelligence gathering and supply chain vigilance will strike root. In parallel it expects that rather than a wave of backshoring, a layered form of offshoring can be foreseen towards the future: a form multi-localization across various continents, and on occasions also inside an individual continent.

Suggested Citation

  • Bart Kamp, 2021. "Responding to the COVID-19 pandemic: lessons in supply chain management among industrial firms," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 100(02), pages 210-233.
    • Handle: RePEc:ekz:ekonoz:2021213
    as

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    References listed on IDEAS

    as
    1. Kamalahmadi, Masoud & Parast, Mahour Mellat, 2016. "A review of the literature on the principles of enterprise and supply chain resilience: Major findings and directions for future research," International Journal of Production Economics, Elsevier, vol. 171(P1), pages 116-133.
    2. Xuepeng Liu & Emanuel Ornelas & Huimin Shi, 2022. "The trade impact of the COVID‐19 pandemic," The World Economy, Wiley Blackwell, vol. 45(12), pages 3751-3779, December.
    3. Alan M. Rugman & Alain Verbeke, 2005. "A Perspective on Regional and Global Strategies of Multinational Enterprises," Chapters, in: Analysis of Multinational Strategic Management, chapter 8, pages 104-119, Edward Elgar Publishing.
    4. Benno Ferrarini & David Hummels, 2014. "Asia and global production networks: implications for trade, incomes and economic vulnerability," Chapters, in: Benno Ferrarini & David Hummels (ed.), Asia and Global Production Networks, chapter 1, pages 1-15, Edward Elgar Publishing.
    5. Roger Strange, 2020. "The 2020 Covid-19 pandemic and global value chains," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 47(3), pages 455-465, September.
    6. Bart Kamp & Juan José Gibaja, 2021. "Adoption of digital technologies and backshoring decisions: is there a link?," Operations Management Research, Springer, vol. 14(3), pages 380-402, December.
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    More about this item

    Keywords

    digitalization; international business; multinational management; servitization; supply chain management; backshoring;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise

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