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Impact Of Disruption In The Supply Chain On The Flexible Packaging Industry During The Covid-19 Pandemic (Uticaj Disrupcija U Lancu Snabdevanja Unutar Industrije Fleksibilne Ambalaže Uzrokovanih Pandemijom Virusa Covid-19)

Author

Listed:
  • Dorijan Naletina

Abstract

In the packaging industry, disruptions occurring in the supply chain can impact all the segments and have huge consequences on the operations conducted by the distributors. We are witnesses of an unprecedented crisis caused by the COVID-19 pandemic. It has influenced all layers of the society and forced us to make changes and adjustments to our every-day routine, regulations, economy. Disruptions can undermine the stability of the supply chain, causing business losses. Therefore, identifying the impact of different disruptions on the supply chain is crucial. Here, a timely and quick reaction is of great importance. The current pandemic has caused many disruptions in the industry and has impacted all parts of the supply chains in ways that have not been yet recorded, therefore making it even harder for the companies to respond to new challenges. The changes have not skipped the packaging industry, forcing the manufacturers to rethink their strategies and the consumers to change their views of a safe and reliable product. With the economic expansion, the demand for flexible packaging and has been growing. There are many advantages to flexible packaging. Besides the fact that it creates less environmental impact, it also requires fewer resources compared to traditional packaging production. Disruptions in the supply chains of the flexible packaging industry are one of the major economic concerns during the COVID-19 pandemic, and therefore the topic of this paper. Since the companies in the industry are in desperate need for a new approach regarding risk management and building business resilience, some strategies for overcoming the challenges of the crisis on the flexible packaging market have been presented here.

Suggested Citation

  • Dorijan Naletina, 2021. "Impact Of Disruption In The Supply Chain On The Flexible Packaging Industry During The Covid-19 Pandemic (Uticaj Disrupcija U Lancu Snabdevanja Unutar Industrije Fleksibilne Ambalaže Uzrokovanih Pande," Ekonomske ideje i praksa, Faculty of Economics and Business, University of Belgrade, issue 42, pages 73-89, September.
    • Handle: RePEc:beo:ekidpr:y:2021:i:42:p:73-89
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    References listed on IDEAS

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    More about this item

    Keywords

    disruptions; supply chain; COVID-19; flexible packaging;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M29 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Other

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