What Makes Supply Chains More Resilient to Economic Shocks?

Claire Conzelmann, Gaurav Khanna, Nicolas Morales and Nitya Pandalai-Nayar

Richmond Fed Economic Brief, 2022, vol. 22, issue 46

Abstract: The recent supply chain disruptions caused by COVID-19 lockdowns highlighted the importance of understanding supply chain resilience, which is the extent to which supply chains can resist, adapt to and recover from a sudden economic shock. We analyze the various COVID-19 lockdowns across India to understand which supply chains were more resilient to the lockdown disruptions. Firms that bought more complex products and that transacted with fewer and more important suppliers proved to be more resilient by maintaining buyer-supplier relationships through the lockdowns and exhibiting smaller declines in input value purchases.

Keywords: supply chain; covid-19; india; resilience; economic shocks (search for similar items in EconPapers)
Date: 2022
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