UNSUSTAINABILITY OF ECONOMIC AND BUSINESS MODELS IN THE CONTEXT OF COVID-19

Gabriela Piciu ()
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Gabriela Piciu: Financial and Monetary Research Center „Victor Slavescu”, Bucharest, Romania

Contemporary Economy Journal, 2022, vol. 7, issue 2, 27-32

Abstract: The impact of the Coronavirus pandemic on companies has highlighted the need to transform traditional supply chain models, their vulnerabilities, especially those that are highly dependent on raw materials or finished products in areas severely affected by the pandemic. The purpose of the article is to assess the negative impact of the COVID-19 pandemic, as well as the policies adopted to combat it, with a focus on the global supply chain and international trade. In this context, the pressure to which the elements of global supply chains and demand have been subjected has triggered a cross-border economic disaster due to their interconnection. Thus, this article proposes the adoption of the circular economy as a sustainable and innovative economic model, which can be used to decouple economic growth from resource consumption, waste management and create added value.

Keywords: pandemic impact; resilience; global supply chain; transition; circular economy (search for similar items in EconPapers)
JEL-codes: O12 Q50 Q53 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:7:y:2022:i:2:p:27-32

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