COVID-19 and Supply Chain Disruptions: a novel perspective using a network of payments in Brazil
Thiago Silva () and
Carlos Almeida
No 595, Working Papers Series from Central Bank of Brazil, Research Department
Abstract:
The COVID-19 pandemic has profoundly disrupted global supply chains, necessitating a reconfiguration of traditional networks. This study investigates the impact of the pandemic on Brazil's supply chain by using a massive firm-to-firm payment dataset composed of identified fast payments, invoices, and wire transfers. Our analysis gauges the heterogeneous impacts across industries and reveals a marked shift towards a more diversified supply chain network following the COVID-19 outbreak. As firms redirected their connections away from heavily impacted urban centers toward inland cities, a more intricate and geographically dispersed network emerged, characterized by less negative assortativity, increased density, and reduced inequality among municipalities. The diversification allowed firms to mitigate the pandemic's effects, underscoring the adaptability and potential soundness of a more decentralized supply chain structure. The findings provide insights for public policymaking and can guide targeted industrial policy design and financial risk mitigation strategies in the face of future disruptions.
Date: 2024-08
New Economics Papers: this item is included in nep-net, nep-pay and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
https://www.bcb.gov.br/content/publicacoes/WorkingPaperSeries/WP595.pdf (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:bcb:wpaper:595
Access Statistics for this paper
More papers in Working Papers Series from Central Bank of Brazil, Research Department
Bibliographic data for series maintained by Rodrigo Barbone Gonzalez ().