Responding to the COVID-19 pandemic: lessons in supply chain management among industrial firms

Bart Kamp
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Bart Kamp: Orkestra-Instituto Vasco de Competitividad

EKONOMIAZ. Revista vasca de Economía, 2021, vol. 100, issue 02, 210-233

Abstract: The COVID-19 pandemic has presented companies that sell cross-border and/or purchase inputs from abroad with problems in terms of importing goods and the shipping of their own produce to foreign clients and markets. Against this backdrop, the present paper reviews the causes behind the supply chain disruptions when the pandemic unfolded, as well ways through which companies tried to deal with them. The paper postulates that actors in international business will place a stronger emphasis on risk management and business continuity plans, and that the adoption of advanced, digital, forms of market intelligence gathering and supply chain vigilance will strike root. In parallel it expects that rather than a wave of backshoring, a layered form of offshoring can be foreseen towards the future: a form multi-localization across various continents, and on occasions also inside an individual continent.

Keywords: digitalization; international business; multinational management; servitization; supply chain management; backshoring (search for similar items in EconPapers)
JEL-codes: F10 F23 F60 L23 R41 (search for similar items in EconPapers)
Date: 2021
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