The impact of coronavirus on global supply chains

Evgenij Andreevich Litvinov, Yuri Anatolievich Savinov, Evgenija Vadimovna Taranovskaja and Natalya Yurievna Buligina
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Evgenij Andreevich Litvinov: Russian Foreign Trade Academy, Moscow, Russia
Yuri Anatolievich Savinov: Russian Foreign Trade Academy, Moscow, Russia
Evgenija Vadimovna Taranovskaja: Russian Foreign Trade Academy, Moscow, Russia
Natalya Yurievna Buligina: Russian Foreign Trade Academy, Moscow, Russia

Russian Foreign Economic Journal, 2020, issue 6, 89-104

Abstract: Currently, the coronavirus epidemic has adversely affected various economic sectors and spheres. This is a definite challenge both for the economies of individual countries and for international trade relations as a whole. This article deals with global supply chains disruption due to the coronavirus pandemic, assesses the impact and problems associated with the failure of production and trade processes and defines the associated economic risks. Besides, the consequences of disrupted global supply chains and measures that should be taken to minimize and mitigate them, and what companies need to do to catch up on production, are considered. The role of the government under the crisis is examined.

Keywords: Coronavirus pandemic; foreign trade relations; global supply chains; production; foreign trade; economic risk. (search for similar items in EconPapers)
Date: 2020
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