Supply chain disruptions in the context of early stages of the global COVID-19 outbreak
The world finds itself facing unprecedented conditions as the global pandemic of the COVID-19 virus has led to fundamental changes in the global supply chains. This paper aims to assess the initial response undertaken by Central European companies in the early stages of the outbreak. The survey was...
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2020-07-01
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| Series: | Problems and Perspectives in Management |
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| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/13783/PPM_2020_02_Veselovska.pdf |
| _version_ | 1818127592225505280 |
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| author | Lenka Veselovská |
| author_facet | Lenka Veselovská |
| author_sort | Lenka Veselovská |
| collection | DOAJ |
| description | The world finds itself facing unprecedented conditions as the global pandemic of the COVID-19 virus has led to fundamental changes in the global supply chains. This paper aims to assess the initial response undertaken by Central European companies in the early stages of the outbreak. The survey was conducted as a research method to collect data from a large number of companies. Since it takes time to assess long-term effects of the pandemic and related measures, various changes in supply chains are examined as the early results of the COVID-19 crisis and measures implemented by companies. The study examines how different economy sectors were changed due to this situation. The changes in operating volumes were identified as the most commonly used measures to accommodate new market developments. However, developing the new supply chain partnership was the most successful measure. This measure correlates with an increase in revenues and an increase in the number of customers. In some cases, disruptions in supply chains had positive effects on revenues as a reaction to the COVID-19 epidemic outbreak. Cross-country examinations found that all Polish companies implemented at least one new measure to tackle this crisis. Nearly 20% of Slovak companies and nearly 30% of Czech companies made no changes in their operations during the early stages of the crisis. However, overall, the supply chains in Central European countries turned out to be quite resilient, since most companies managed to survive the supply chain disruptions and in some cases even show signs of overcoming them completely.
Acknowledgement This contribution was supported by the project No. 1/0757/18, “Consumer behavior in buying goods of daily consumption with an emphasis placed different contents of goods offered on markets of selected EU countries”. |
| first_indexed | 2024-12-11T07:19:48Z |
| format | Article |
| id | doaj.art-44291cbe25a048da81f72ce92d5b0e0c |
| institution | Directory Open Access Journal |
| issn | 1727-7051 1810-5467 |
| language | English |
| last_indexed | 2024-12-11T07:19:48Z |
| publishDate | 2020-07-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Problems and Perspectives in Management |
| spelling | doaj.art-44291cbe25a048da81f72ce92d5b0e0c2022-12-22T01:16:07ZengLLC "CPC "Business Perspectives"Problems and Perspectives in Management1727-70511810-54672020-07-0118249050010.21511/ppm.18(2).2020.4013783Supply chain disruptions in the context of early stages of the global COVID-19 outbreakLenka Veselovská0https://orcid.org/0000-0003-1867-2692Dr., Institute of Managerial Systems, Faculty of Economics, Matej Bel University in Banská BystricaThe world finds itself facing unprecedented conditions as the global pandemic of the COVID-19 virus has led to fundamental changes in the global supply chains. This paper aims to assess the initial response undertaken by Central European companies in the early stages of the outbreak. The survey was conducted as a research method to collect data from a large number of companies. Since it takes time to assess long-term effects of the pandemic and related measures, various changes in supply chains are examined as the early results of the COVID-19 crisis and measures implemented by companies. The study examines how different economy sectors were changed due to this situation. The changes in operating volumes were identified as the most commonly used measures to accommodate new market developments. However, developing the new supply chain partnership was the most successful measure. This measure correlates with an increase in revenues and an increase in the number of customers. In some cases, disruptions in supply chains had positive effects on revenues as a reaction to the COVID-19 epidemic outbreak. Cross-country examinations found that all Polish companies implemented at least one new measure to tackle this crisis. Nearly 20% of Slovak companies and nearly 30% of Czech companies made no changes in their operations during the early stages of the crisis. However, overall, the supply chains in Central European countries turned out to be quite resilient, since most companies managed to survive the supply chain disruptions and in some cases even show signs of overcoming them completely. Acknowledgement This contribution was supported by the project No. 1/0757/18, “Consumer behavior in buying goods of daily consumption with an emphasis placed different contents of goods offered on markets of selected EU countries”.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/13783/PPM_2020_02_Veselovska.pdfCOVID-19 implicationsCzech RepublicflexibilityHungaryPolandrevenues |
| spellingShingle | Lenka Veselovská Supply chain disruptions in the context of early stages of the global COVID-19 outbreak Problems and Perspectives in Management COVID-19 implications Czech Republic flexibility Hungary Poland revenues |
| title | Supply chain disruptions in the context of early stages of the global COVID-19 outbreak |
| title_full | Supply chain disruptions in the context of early stages of the global COVID-19 outbreak |
| title_fullStr | Supply chain disruptions in the context of early stages of the global COVID-19 outbreak |
| title_full_unstemmed | Supply chain disruptions in the context of early stages of the global COVID-19 outbreak |
| title_short | Supply chain disruptions in the context of early stages of the global COVID-19 outbreak |
| title_sort | supply chain disruptions in the context of early stages of the global covid 19 outbreak |
| topic | COVID-19 implications Czech Republic flexibility Hungary Poland revenues |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/13783/PPM_2020_02_Veselovska.pdf |
| work_keys_str_mv | AT lenkaveselovska supplychaindisruptionsinthecontextofearlystagesoftheglobalcovid19outbreak |