Crises – danger and opportunity for industrial companies

The world economy has met the challenges of two crises in the current century: the 2007-2008 financial crisis and the 2020-2021 COVID-19 crisis. Crises inflict enormous damage on markets, destroy supply chains, change business activity, cause collapse in important consumer categories, etc. But crise...

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Main Authors: Konstantinova Snezhinka, Konarev Asen
Format: Article
Language:English
Published: EDP Sciences 2024-01-01
Series:BIO Web of Conferences
Online Access:https://www.bio-conferences.org/articles/bioconf/pdf/2024/21/bioconf_foset2023_04004.pdf
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author Konstantinova Snezhinka
Konarev Asen
author_facet Konstantinova Snezhinka
Konarev Asen
author_sort Konstantinova Snezhinka
collection DOAJ
description The world economy has met the challenges of two crises in the current century: the 2007-2008 financial crisis and the 2020-2021 COVID-19 crisis. Crises inflict enormous damage on markets, destroy supply chains, change business activity, cause collapse in important consumer categories, etc. But crises are an accelerator of processes and create many opportunities: new markets and chains of added value, new options for growth, business restructuring, changing the business model, optimizing cash flows, etc. This report presents the results of an empirical study on the impact of the COVID crisis on the economy of public industrial companies. Four quantitative and qualitative economic indicators are used. The performance of different groups of companies during the crisis is compared. Trends have been revealed, conclusions have been drawn and recommendations for using the opportunities have been formed.
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spelling doaj.art-0049fdef4e6c4b27a8b361a2d989a8282024-04-12T07:37:29ZengEDP SciencesBIO Web of Conferences2117-44582024-01-011020400410.1051/bioconf/202410204004bioconf_foset2023_04004Crises – danger and opportunity for industrial companiesKonstantinova Snezhinka0Konarev Asen1Department of EEM, Faculty of Economics, University of Food TechnologiesDepartment of EEM, Faculty of Economics, University of Food TechnologiesThe world economy has met the challenges of two crises in the current century: the 2007-2008 financial crisis and the 2020-2021 COVID-19 crisis. Crises inflict enormous damage on markets, destroy supply chains, change business activity, cause collapse in important consumer categories, etc. But crises are an accelerator of processes and create many opportunities: new markets and chains of added value, new options for growth, business restructuring, changing the business model, optimizing cash flows, etc. This report presents the results of an empirical study on the impact of the COVID crisis on the economy of public industrial companies. Four quantitative and qualitative economic indicators are used. The performance of different groups of companies during the crisis is compared. Trends have been revealed, conclusions have been drawn and recommendations for using the opportunities have been formed.https://www.bio-conferences.org/articles/bioconf/pdf/2024/21/bioconf_foset2023_04004.pdf
spellingShingle Konstantinova Snezhinka
Konarev Asen
Crises – danger and opportunity for industrial companies
BIO Web of Conferences
title Crises – danger and opportunity for industrial companies
title_full Crises – danger and opportunity for industrial companies
title_fullStr Crises – danger and opportunity for industrial companies
title_full_unstemmed Crises – danger and opportunity for industrial companies
title_short Crises – danger and opportunity for industrial companies
title_sort crises danger and opportunity for industrial companies
url https://www.bio-conferences.org/articles/bioconf/pdf/2024/21/bioconf_foset2023_04004.pdf
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AT konarevasen crisesdangerandopportunityforindustrialcompanies