IDEAS home Printed from https://ideas.repec.org/a/bba/j00010/v2y2024i4p19-41d276.html
   My bibliography  Save this article

The Impact of the Corona Virus on Supply Chains: Opportunities and Challenges

Author

Listed:
  • Abdullah Aloqab

    (College of Economics and Trade, Hunan University, Changsha, China)

  • Wen Hu

    (College of Economics and Trade, Hunan University, Changsha, China)

  • Omar Ahmed Abdulraqeb

    (College of Economics and Trade, Hunan University, Changsha, China)

  • Othman Mohammed

    (College of Economics and Trade, Hunan University, Changsha, China)

  • Bassam Raweh

    (College of Economics and Trade, Hunan University, Changsha, China)

Abstract

The COVID-19 pandemic wreaked havoc on economies everywhere, affecting everything from supply chain networks to international trade as a direct result of the increased vulnerability of more nations and the disruption of the activities of key traders. This research study examines how COVID-19 affected the supply chain on a worldwide and regional scale, as well as the systemic policy and economic steps governments and businesses took to rebound and maintain resilience. COVID-19 has had a significant influence, prompting governments and businesses to take steps to fortify their operations and businesses against disruptions, highlight the necessity for resilience in supply chains and emphasize the importance of managing risk. The supply value chain is at risk from the prolonged implementation of COVID-19 trade measures like border closure, export restrictions, and import sanctions. Many businesses are transitioning from a "recovery mode" to a resilient and sustainable mode" and are beginning to plan for the future. The study suggests that corporate and government leaders should prioritize proactive and adaptable policy, economic, and structural adjustment. This research will be useful to policymakers and industry leaders in their efforts to lessen the effect of COVID-19 on the global supply chain by enforcing governmental, economic, and business reforms built on resilient supply chains and mitigating economic risks during tough times.

Suggested Citation

  • Abdullah Aloqab & Wen Hu & Omar Ahmed Abdulraqeb & Othman Mohammed & Bassam Raweh, 2024. "The Impact of the Corona Virus on Supply Chains: Opportunities and Challenges," Review of Economic Assessment, Anser Press, vol. 2(4), pages 19-41, January.
    • Handle: RePEc:bba:j00010:v:2:y:2024:i:4:p:19-41:d:276
    as

    Download full text from publisher

    File URL: https://www.anserpress.org/journal/rea/2/4/22/pdf
    Download Restriction: no
    File URL: https://www.anserpress.org/journal/rea/2/4/22
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ye, Fei & Liu, Ke & Li, Lixu & Lai, Kee-Hung & Zhan, Yuanzhu & Kumar, Ajay, 2022. "Digital supply chain management in the COVID-19 crisis: An asset orchestration perspective," International Journal of Production Economics, Elsevier, vol. 245(C).
    2. Paul, Sanjoy Kumar & Chowdhury, Priyabrata & Moktadir, Md. Abdul & Lau, Kwok Hung, 2021. "Supply chain recovery challenges in the wake of COVID-19 pandemic," Journal of Business Research, Elsevier, vol. 136(C), pages 316-329.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zhao, Nanyang & Hong, Jiangtao & Lau, Kwok Hung, 2023. "Impact of supply chain digitalization on supply chain resilience and performance: A multi-mediation model," International Journal of Production Economics, Elsevier, vol. 259(C).
    2. Ali Zackery & Joseph Amankwah-Amoah & Zahra Heidari Darani & Shiva Ghasemi, 2022. "COVID-19 Research in Business and Management: A Review and Future Research Agenda," Sustainability, MDPI, vol. 14(16), pages 1-32, August.
    3. Saurabh Pratap & Sunil Kumar Jauhar & Yash Daultani & Sanjoy Kumar Paul, 2023. "Benchmarking sustainable E‐commerce enterprises based on evolving customer expectations amidst COVID‐19 pandemic," Business Strategy and the Environment, Wiley Blackwell, vol. 32(1), pages 736-752, January.
    4. Mohammad Ali Yamin, 2021. "Investigating the Drivers of Supply Chain Resilience in the Wake of the COVID-19 Pandemic: Empirical Evidence from an Emerging Economy," Sustainability, MDPI, vol. 13(21), pages 1-16, October.
    5. Paul, Ananna & Shukla, Nagesh & Trianni, Andrea, 2023. "Modelling supply chain sustainability challenges in the food processing sector amid the COVID-19 outbreak," Socio-Economic Planning Sciences, Elsevier, vol. 87(PA).
    6. Beata Milewska & Dariusz Milewski, 2022. "Implications of Increasing Fuel Costs for Supply Chain Strategy," Energies, MDPI, vol. 15(19), pages 1-14, September.
    7. Weili Yin & Wenxue Ran, 2023. "Explaining Firm Performance During the COVID-19 With fsQCA: The Role of Supply Network Complexity, Inventory Turns, and Geographic Dispersion," SAGE Open, , vol. 13(2), pages 21582440231, June.
    8. Singh, Gaurvendra & Rajesh, R. & Misra, Subhas Chandra & Singh, Shubhendu, 2024. "Analyzing the role of digital twins in developing a resilient sustainable manufacturing supply chain: A grey influence analysis (GINA) approach," Technological Forecasting and Social Change, Elsevier, vol. 209(C).
    9. Ruohan Tang & Shaofeng Zhao & Won Seok Lee & Sunwoo Park & Yunfei Zhang, 2024. "Crisis Response in Tourism: Semantic Networks and Topic Modeling in the Hotel and Aviation Industries," Sustainability, MDPI, vol. 16(24), pages 1-23, December.
    10. Mukesh Kumar & Rakesh D. Raut & Mahak Sharma & Vikas Kumar Choubey & Sanjoy Kumar Paul, 2022. "Enablers for resilience and pandemic preparedness in food supply chain," Operations Management Research, Springer, vol. 15(3), pages 1198-1223, December.
    11. He, Xin & Xu, Xinwei & Shen, Yu, 2023. "How climate change affects enterprise inventory management —— From the perspective of regional traffic," Journal of Business Research, Elsevier, vol. 162(C).
    12. Tsai, Pei-Hsuan & Kao, Ya-Ling & Tang, Jia-Wei, 2023. "Key factors influencing mass willingness to use CESPs under green concept: ECOCO smart recyclers as a case study," Technological Forecasting and Social Change, Elsevier, vol. 195(C).
    13. Manafi, Ioana & Huru, Dragos & Dobre, Florin & Capbun, Andreea Gabriela & Roman, Mihai Daniel, 2023. "Resilience Mechanisms of the European Trade Network During the Pandemic," Economic and Regional Studies (Studia Ekonomiczne i Regionalne), John Paul II University of Applied Sciences in Biala Podlaska, vol. 16(2), June.
    14. Abdolreza Roshani & Philip Walker-Davies & Glenn Parry, 2024. "Designing resilient supply chain networks: a systematic literature review of mitigation strategies," Annals of Operations Research, Springer, vol. 341(2), pages 1267-1332, October.
    15. Leng, Aolin & Sun, Yanbing, 2024. "The impact mechanism and breakthrough path of COVID-19 on enterprise financial distress: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 16-31.
    16. Sudipta Ghosh & Rakesh D. Raut & Naoufel Cheikhrouhou & Sudipta Sinha & Amitava Ray, 2024. "Attaining Sustainable Development Goals through embedding circular economy principles: Evidence from food processing small‐ and medium‐sized enterprises in India," Business Strategy and the Environment, Wiley Blackwell, vol. 33(3), pages 2193-2224, March.
    17. Mahmoud Abdulhadi Alabdali & Mohammad Asif Salam, 2022. "The Impact of Digital Transformation on Supply Chain Procurement for Creating Competitive Advantage: An Empirical Study," Sustainability, MDPI, vol. 14(19), pages 1-17, September.
    18. Koliousis, Ioannis & Al-Surmi, Abdulrahman & Bashiri, Mahdi, 2024. "Artificial intelligence and policy making; can small municipalities enable digital transformation?," International Journal of Production Economics, Elsevier, vol. 274(C).
    19. Wadim Strielkowski & Andrey Vlasov & Kirill Selivanov & Konstantin Muraviev & Vadim Shakhnov, 2023. "Prospects and Challenges of the Machine Learning and Data-Driven Methods for the Predictive Analysis of Power Systems: A Review," Energies, MDPI, vol. 16(10), pages 1-31, May.
    20. Chen, Daqiang & Sun, Danzhi & Yin, Yunqiang & Dhamotharan, Lalitha & Kumar, Ajay & Guo, Yihan, 2022. "The resilience of logistics network against node failures," International Journal of Production Economics, Elsevier, vol. 244(C).

    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:bba:j00010:v:2:y:2024:i:4:p:19-41:d:276. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Ramona Wang (email available below). General contact details of provider: https://www.anserpress.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.