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Causes and Consequences of Global Supply Chain Disruptions: A Theoretical Analysis
IUP Journal of Supply Chain Management ; 19(4):7-24, 2022.
Article in English | ProQuest Central | ID: covidwho-2282802
ABSTRACT
Supply chains lack global resilience and break down in the face of multi-country disruptions due to crises. The impact of Supply Chain Disruptions (SCD) has become all too familiar across the world shortages, inflation, factory closures, goods waiting at ports to be unloaded, etc. They weaken macroeconomic indicators, hamper economic growth, and impact national security. Over the past five years, the world has seen many crises that have rattled global markets, beginning with the US-China trade war in 2018. This was followed by the Covid19 pandemic, the blockage of the Suez Canal, environmental issues, and the ongoing Russia-Ukraine war. The combination of these events has abruptly frozen global economic activities by restricting and hindering the Global Supply Chain Networks (GSCN). This paper provides an in-depth analysis of the causes of these disruptions and their widespread global economic consequences.
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Collection: Databases of international organizations Database: ProQuest Central Language: English Journal: IUP Journal of Supply Chain Management Year: 2022 Document Type: Article

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Collection: Databases of international organizations Database: ProQuest Central Language: English Journal: IUP Journal of Supply Chain Management Year: 2022 Document Type: Article