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Supply chain disruptions in the context of early stages of the global COVID-19 outbreak
Title Supply chain disruptions in the context of early stages of the global COVID-19 outbreak Author info Lenka Veselovská Author Veselovská Lenka 1987- (100%) UMBEF09 - Inštitút manažérskych systémov (detašované pracovisko Poprad)
Source document Problems and Perspectives in Management. Vol. 18, no. 2 (2020), pp. 490-500. - Sumy : LLC “Consulting Publishing Company “Business Perspectives”, 2020 Keywords covid-19 - koronavírus - Covid-19 (disease) - SARS-CoV-2 disease - Coronavirus disease 2019 implikácie dodávateľské reťazce - supply chains regionálna odolnosť flexibilita - flexibility Headings Geogr. Slovensko Česko Maďarská republika Poľská republika Form. Descr. články - journal articles Language English Country Ukraine Annotation © 2020 LLC CPC Business Perspectives. All rights reserved. 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. Public work category ADM No. of Archival Copy 48336 Repercussion category MEAHJOHN, Inshan - PERSAD, Prakash. The impact of COVID-19 on entrepreneurship globally. In Journal of economics and business. ISSN 2615-3726, 2020, vol. 3, no. 3, pp. 1165-1173.
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