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Disruptions and Risk Management in Supply Chains Before and During the COVID-19 Pandemic

Author

Listed:
  • Mariusz Szuster
  • Malgorzata Lotko

Abstract

Purpose: The article presents an analysis of the weaknesses of the current approach used in risk management during the COVID-19 pandemic. Referring to the previous (pre-pandemic) theoretical considerations, an assessment of the activities applied in companies is presented. Design/Methodology/Approach: The first part of the article presents the theoretical aspects of risk management. The next part is discussing the survey results. The final part presents the effects of the COVID-19 pandemic and the details of changing attitudes towards the sphere of risk management. Findings: Despite numerous literature studies, problems related to risk management have been marginalized for decades. This is confirmed by, for example, surveys. COVID-19 has forced a radical change in attitude to issues related to risk management. Practical Implications: The directions of changes in the area of economic policy at the EU and US level as well as changes in the attitude of managers were indicated. Originality/Value: The paper shows the scale, direction and intensity of changes under the influence of the COVID-19 pandemic.

Suggested Citation

  • Mariusz Szuster & Malgorzata Lotko, 2022. "Disruptions and Risk Management in Supply Chains Before and During the COVID-19 Pandemic," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 225-234.
    • Handle: RePEc:ers:journl:v:xxv:y:2022:i:2b:p:225-234
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    More about this item

    Keywords

    Supply chain management; risk management.;

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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