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Research on the Impact of COVID-19 on Global Supply Chains and Policy Responses

In: Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

Author

Listed:
  • Xianglong Zhao

    (Oklahoma State University, Ferguson College of Agriculture)

Abstract

In 2020, as COVID-19 broke out in many places around the world, countries began implementing different lockdown or isolation policies. Working online from home or shutting down your business is becoming a part of life. However, in the face of the surging demand from people in all aspects, supply has become one of the difficulties faced by enterprises or countries. People’s needs are not being met because of supply chain disruptions caused by COVID-19. This is a challenge for the industry as well as manufacturers of the most basic commodities. On the other hand, due to the limitation of production capacity, the supply of raw materials is greatly reduced. These disruptions can suddenly affect the production process, which can collapse if appropriate changes are not made immediately. The research aims to summarize the impact of COVID-19 on supply chains by reviewing studies and reports. Through the analysis of the causes of the negative impact, the government and enterprises alleviate the supply chain problems of policy suggestions. Provide preventive advice for future supply chain problems. For example, integrating the supply chain and building an e-commerce platform. Through integrated research, this paper will give suggestions from both within and outside the supply chain.

Suggested Citation

  • Xianglong Zhao, 2022. "Research on the Impact of COVID-19 on Global Supply Chains and Policy Responses," Advances in Economics, Business and Management Research, in: Faruk Balli & Au Yong Hui Nee & Sikandar Ali Qalati (ed.), Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022), pages 1052-1059, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-052-7_118
    DOI: 10.2991/978-94-6463-052-7_118
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